OUE Hospitality Trust predicted to raise $600.2m after pricing IPO

It's selling around 682m units.

According to Reuters, Overseas Union Enterprise will raise about S$600.2 million ($476 million) after pricing the initial public offering of its hospitality trust at the bottom of its indicative price range, two sources with knowledge of the matter said.

"OUE Hospitality Trust is selling about 682 million units in the deal at S$0.88 a unit, sources said, compared to an indicative price range of S$0.88 to S$0.90 a unit," Reuters said.

View the full report here.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!