Newly listed Lendlease Global Commercial REIT has made a strong debut on the Singapore Exchange (SGX) after the public tranche of its initial public offering (IPO) was 14.5 times subscribed.
Units of the REIT opened for trading at SGD0.94 at 2 pm on 2 October, 6.8% higher than its IPO price.
Lendlease Global Commercial REIT is sponsored by Lendlease Corporation Limited.
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