Sasseur REIT property, Sasseur (Chongqing) Outlets, in Chongqing City. (Photo: Sasseur REIT)

Sasseur REIT has reported strong support from both retail and institutional investors for its initial public offering (IPO) of 266,562,500 units on the Singapore Exchange.

Units of the REIT ended its first trading day on the Singapore Exchange flat at SGD0.805, virtually unchanged from the offer price of SGD0.80 per unit.

With the completion of its IPO and first trading day, Sasseur REIT now has a market capitalisation of approximately SGD945 million (USD720 million).

Read: Sasseur REIT launches USD300 million IPO in Singapore

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.