Lukewarm response to UI Boustead REIT's debut on SGX
A lukewarm response at the debut of one of Singapore's biggest IPO listings on Mar 12. UI Boustead REIT is also Singapore’s biggest real estate trust since NTT DC REIT last year. Its unit price fell more than eight percent - from an offer price of 88 cents - by the close of the first day of trade. This is as volatility in oil markets spilled over to equity markets in Asia. CNA's Roland Lim has more.
A lukewarm response at the debut of one of Singapore's biggest IPO listings on Mar 12. UI Boustead REIT is also Singapore’s biggest real estate trust since NTT DC REIT last year. Its unit price fell more than eight percent - from an offer price of 88 cents - by the close of the first day of trade. This is as volatility in oil markets spilled over to equity markets in Asia. CNA's Roland Lim has more.
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