Staff Reporter
,
Singapore
GLP eyes raising $3bln in its IPO that will begin on 18 October.
Global Logistic Properties (GLP), a unit of Singapore sovereign wealth fund GIC, on Monday confirmed an initial public offering price of S$1.96 a share and said its shares will start trading on Oct 18.
The information was contained in an updated prospectus filed on the Monetary Authority of Singapore's OPERA website, according to a report in Reuters.
GLP is set to raise as much as $3 billion from the IPO.
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