Home THE DAILY EDGE Business GIC’s logistics unit seeks to raise $3.9b in IPO
GIC’s logistics unit seeks to raise $3.9b in IPO

Tags: CICC | Citigroup | DBS | GIC | Global Logistic Properties | JPMorgan

Written by Reuters   
Monday, 27 September 2010 19:17
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Singapore sovereign wealth fund GIC’s (GIC.UL) logistics unit said on Monday it seeks to raise as much as $3.9 billion in its initial public offering, making it the city-state's second-biggest IPO ever.
 
Global Logistic Properties set an indicative price range of S$1.78 to $1.96 a share and will sell 1.996 billion shares, including cornerstone investors and over-allotment, according to its IPO prospectus and a term sheet.
 
IFR Asia first reported the indicative price.
 
Citigroup (C.N), JPMorgan (JPM.N) are joint global coordinators and bookrunners with UBS (UBSN.VX), DBS (DBSM.SI<) and CICC.
 
 
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GIC’s logistics unit seeks to raise $3.9b in IPO
Monday, 27 September 2010

Last Updated on Monday, 27 September 2010 19:20