BHG Retail RETI ("BHG" or the "REIT") is offering 151.169m units at S$0.80 per unit. The placement tranche comprises 143.169m units with the retail tranche making up the balance of 8m units. The gross proceeds raised will be around S$394.2m. Based on the IPO price, the market cap is ~$597.2m. The IPO will close on Dec 7 and starts trading on Dec 11.
There is an over-allotment option of up to 24.636m units. This over-allotment option will be a strong indicator if there is demand for the IPO.
Principal business
As the name implied, BHG is a REIT focused (initially) on quality properties in Tier 1 and Tier 2 cities in China. Since investors in Singapore are very familiar with REIT, after some of the basic information, I will jump straight into what i think BHG.
Initial Portfolio
The initial portfolio comprises of 5 ...
