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Daiwa House Logistics Trust IPO Sees Public Offer 9.5 Times Subscribed (Straits Times)

Daiwa House Logistics Trust IPO Sees Public Offer 9.5 Times Subscribed (Straits Times)

November 26, 2021 – Daiwa House Logistics Trust (DHLT), a real estate investment trust (Reit) that will invest in logistics and industrial real estate assets across Asia, on Thursday (Nov 25) announced that the public offer of 25 million units to Singapore investors under its initial public offering (IPO) was 9.5 times subscribed.

At the close of the offering at noon on Wednesday, 7,543 valid applications for 237 million units were received for the Singapore public offer.

The international placement tranche of over 219.4 million units at the offer price of 80 cents apiece was 4.9 times subscribed.

The Reit manager said the placement tranche “attracted strong interest from a good mix of long-only institutional investors, insurance firms, multi-strategy funds, family offices and high-net-worth individuals”.

Read more here..

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