APAC (ERA) Realty, one of Singapore’s largest real estate agencies, is soon to be listed on the SGX mainboard after delisting in November 2012.
Here is a quick glance into the details of the IPO:
48.9 million shares will be issued, comprising of 4,411,000 Public Offer Shares and 44,503,200 Placement Shares Public offer open on 21 Sept, 9pm and close on 26 Sept, 12pm Offer price will be 66 Singapore cents 39.3 million shares snapped up by cornerstone investors such as FIL Investment Management (Hong Kong), Qilin Asset Management, Asdew Acquisitions and Azure Capital.
Attached is the IPO prospectus for your reference.
APAC ERA Realty’s Profile
APAC Realty’s principal business is the wholly owned ERA Realty, now ranked second by agent strength with 6,272 agents as at last count.
It also holds the exclusive regional master franchise rights to Realogy’s ERA brand for certain countries in the Asia-Pacific region as