We have a few US REITs that is coming over to list in Singapore. ARA Hospitality Trust was the first one with lukewarm response.
And this time round we have Eagle Hospitality Trust (EHT).
The former is more well known to Singapore investors since ARA was listed here and then delisted.
I think SGX and DBS are really actively courting these REITs from overseas to list in Singapore and I am not sure this is always a good thing.
I shall not say too much but do a quick take of this IPO. I have not much value add for this article honestly.
Here it goes.
The Offer A total of 580 mil shares will be on offer 535 mil will be available for institutional and other investment in the placement tranche 45 mil will be available to retail investors The listing price to be US$0.78 Forecast Dividend Yield...