So Prime REIT’s IPO Balloting Results are out (see cover above), and let’s just say they’re not fantastic.
IPO Balloting ResultsTo break down the results very simply:
Everyone who applied got something – You got it. Everyone who applied for Prime REIT, basically got something. Almost as good as the Singapore Savings Bonds!
Everyone who applied up to 99,900 units got everything they applied for – At S$1.20 per unit, it basically means that anyone who applied for up to S$119,880 worth of units at the IPO got their full allocation. That’s actually really generous by the issuer, depending on how you look at it…