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PR Newswire
Yesterday, 08:31 PM
The 16x subscription of the placement tranche looks impressive since in general, the placement tranche been larger in offering size does not attract that much of an oversubscription.
This might also explain the first day pop of ~10%.
CENTURION ACCOMMODATION REIT SEES OVERWHELMING RESPONSE, WITH THE OFFERING 16.61 TIMES SUBSCRIBED
• Singapore’s first pure-play purpose-built living accommodation REIT IPO raises approximately S$771.12 million
• 16 Cornerstone Investors commitments totalling approximately S$540.4 million
• Strong investor demand with the Placement Tranche approximately 16.0 times subscribed
• Strong retail demand with the Singapore Public Offer approximately 30.9 times subscribed – the strongest in recent years – and an overall subscription rate of 16.6 times
• Attractive projected distribution yield3 for Enlarged Portfolio of 7.47% for Projection Year 20264 and 8.11% for Projection Year 20275
https://links.sgx.com/FileOpen/CAREIT-Pr...eID=859905
This might also explain the first day pop of ~10%.
CENTURION ACCOMMODATION REIT SEES OVERWHELMING RESPONSE, WITH THE OFFERING 16.61 TIMES SUBSCRIBED
• Singapore’s first pure-play purpose-built living accommodation REIT IPO raises approximately S$771.12 million
• 16 Cornerstone Investors commitments totalling approximately S$540.4 million
• Strong investor demand with the Placement Tranche approximately 16.0 times subscribed
• Strong retail demand with the Singapore Public Offer approximately 30.9 times subscribed – the strongest in recent years – and an overall subscription rate of 16.6 times
• Attractive projected distribution yield3 for Enlarged Portfolio of 7.47% for Projection Year 20264 and 8.11% for Projection Year 20275
https://links.sgx.com/FileOpen/CAREIT-Pr...eID=859905
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.