SPH Reit launched its IPO at the top end of the book-building range of $0.90 and the placement tranche was a whopping 42x oversubscribed and i have to admit i am surprised by this ‘overwhelming’ demand which unfortunately depressed the yield and potential upside.

My preview post on 11 July 2013 is here and the final prospectus is here. I will not repeat what i had said in my earlier preview post but will highlight what i think will be interesting to readers. (Can someone email me the SPH REIT booth at Raffles Place if they see one?)
Issue details

Placement tranche: 224.902m Units
Public tranche: 83.982m Units
Cornerstone:  251m Units
Application closing date:  22 July 2013 12pm
Listing date: 24 July 2013 2pm
First distribution: On or before 27 Feb 2014

Forecast yield

At $0.90, SPH Reit will distribute a forecasted annualized yield of …