Cromwell European REIT (“CEREIT” or “Crownwell”) announced that its public offering was 3.1x subscribed. The over-allotment option was exercised as well.
Investors who applied for 100,000 shares has a 60% of being allotted 63,000 units. I didn’t apply for the Cromwell Shares.
Good luck to those who were allotted some shares. The weakness in Euro against SGD may result in some weakness on debut given the exchange rate that was fixed for the IPO was $1.6091.