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United Hampshire US REIT's IPO subscribed 3.2 times

Fresh property news selection on March 12. 2020, Thursday.

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Its placement tranche received indications of interest exceeding $307.36m.

United Hampshire US REIT’s Initial Public Offering (IPO) of 87.83 million units for $1.12 (US$0.80) per unit was 3.2 times subscribed, according to a press release. This is in connection with its listing on the Mainboard of Singapore Exchange Securities Trading (SGX-ST)

It received 848 applications for 10.3 million units amounting to $11.5m for the 7.5 million units offered in Singapore, representing a subscription rate of 1.4 times.

The placement tranche offered to investors outside the US received indication of interest exceeding $307.36m (US$220.1m) and was subscribed 3.4 times.

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