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Prime US REIT launches largest IPO year-to-date; selling units at $1.20 each

By Samantha Chiew

/ The Edge Singapore |

July 9, 2019 6:06 PM SGT

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SINGAPORE (July 8): KBS US Prime Property Management, the manager of Prime US REIT, has registered its final prospectus with the Monetary Authority of Singapore (MAS) in relation to its proposed offering and listing of units in Prime US REIT on the Mainboard of SGX.

This is expected to be the largest IPO on the Singapore Exchange year-to-date with market capitalisation of US$813 million ($1.1 billion).

This article - Prime US REIT launches largest IPO year-to-date; selling units at $1.20 each is originally from TheEdgeSingapore.com

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Prime US REIT beats IPO forecast by 9% with 4Q DPU of 1.77 US cents; launches private placement to help fund Sacramento property acquisition

Keppel Pacific Oak US REIT beats IPO forecast by 27% with 4Q DPU of 1.51 US cents

Real estate investment trusts remain bankers' best friends amid record fundraising

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