OUE Hospitality Trust (“OUE HT” or the “Trust”) finalized its offer at the ‘bottom’ range of the book-building range of $0.88.
OUE HT is offering 434.598m Units of which 383.462m will be via placement and 51.136m Units via public offer. The Sponsor will receive 626.782m Units and the Cornerstone will subscribe for 247.22m Units. The market cap for OUE HT will be $1.738 billion. There will be an over-allotment of 68.182m units. The final registered prospectus is here.
My preview post is here. Again, i will not repeat what i have previously discussed in the preview post but dive straight into the key points.