APAC Realty lists amid stronger property market sentiment

Benjamin Cher
Benjamin Cher9/25/2017 8:0 AM GMT+08  • 5 min read
APAC Realty lists amid stronger property market sentiment
(Sept 25): APAC Realty could provide investors with a means of gaining exposure to a large and thriving property agency just as the local property market is showing signs of taking off. But the growing popularity of online property search platforms could
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

(Sept 25): APAC Realty could provide investors with a means of gaining exposure to a large and thriving property agency just as the local property market is showing signs of taking off. But the growing popularity of online property search platforms could be a long-term disruptive challenge to the company.

APAC Realty is selling 48.9 million shares at 66 cents each in an IPO. About 4.4 million shares will be sold to retail investors, while 44.5 million placement shares will be sold to cornerstone investors.

An over-allotment option of 9.7 million shares has been granted to its underwriter DBS Bank to act as a stabilising manager. At its IPO price, APAC Realty will have a market value of $234.4 million of 14.7 times its earnings last year.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.