NetLink NBN Trust ("Netlink Trust" or "NLT" or "Trust") is set to be the biggest IPO in Singapore in the last 6 years where it will raise around S$2.3 billion. The last mega IPO was when Hutchison Port Holdings Trust raised US$5.5 billion in 2011. According to various sources, NLT is set to priced its IPO at 81 cents. This is at the low end of its book building range of 80 to 93 Singapore cents, indicating lacklustre demand from investors. This is one of the widest book building range i have ever seen and it probably reflected the manager's inability to gauge the demand for its units. According to this article, "Pricing is done to ensure that there is a diverse base of investors ranging from long-only asset managers, insurance companies and high net-worth individuals," one person with knowledge of the matter told The Straits ......