Soilbuild Business Space REIT ("Soilbuild REIT") lodged its preliminary prospectus here. The founder is one smart guy. He privatized the company a few years back (I heard made hundreds of millions in the process) and then relaunched it with 2 IPOs! One for the construction business and now for the REIT business.
I am considering whether i should put in a bid for the placement tranche, hence the preview. Do note that this is the first IPO to be launched this year without cornerstone investors. The news is here.
Soibuild REIT is offering 586.532m units at an offering range of $0.77 to $0.80 per Unit (subject to over-allotment of 56.307m units). The allocation between placement and public tranche is not finalized yet but the indicative number is 499.032m for placement and 87.5m for Public.
Principal Business
This is a Singapore REIT focused on ...