So the balloting results for the Lendlease Global Commercial REIT IPO are out. And boy… was this one hot IPO.
To quote from their news release, the “Lendlease Global Commercial REIT Public Offering was 14.5x subscribed”, making this the “hottest” IPO in 5 years “(Based on public information relating to the public offer retail tranche subscription rates for the initial public offerings of REITs and stapled trusts comprising REITs listed on the Main Board of the SGX-ST in the preceding five years from the date of this media release.)”
I mean I wrote an article titled “Best IPO of the Year?” a week or two back when looking at this Lendlease Global REIT, but really guys? [email protected] is an okay asset, but it’s definitely not one of those let’s go out there and put my life savings in this REIT kind of asset.