Finally, the long-awaited Netlink Trust's IPO is more or less confirmed and its launch is just around the corner. Netlink Trust is the broadband arm of Singtel, as part of the infocomm regulator requirements, Singtel is forced to divest itself of more than 75 per cent of NetLink Trust before April next year.
Following are some key information of the upcoming Netlink Trust's IPO:
Issuing units : 2.9 billions
IPO Price Range : 80 cents to 93 cents
Joint Issue Manager : DBS, Morgan Stanley and UBS
To be listed on : Singapore Exchange (SGX) Mainboard
To be priced on : 7th July 2017 (Friday)
IPO Offer : 10th July 2017 (Monday), 5 PM to 17th July 2017 (Mon), 12 PM
To start trading on : 19th July 2017 (Wednesday)
Estimated net proceeds : up to S$2.69 billions
Use of the proceeds :
NetLink will use ......
