IPO

Eagle Hospitality Trust registers prospectus with MAS; to raise $620 mil from IPO
SINGAPORE (May 16): The trustee-managers of Eagle Hospitality Trust (EHT) have registered its prospectus with the Monetary Authority of Singapore in connection with the offering of 580.6 million stapled securities at the issue price of US$0.78 per stapled security to raise US$453 million ($620 million) in gross proceeds. See: Another US hospitality REIT lodges its prelim prospectus The ...
SGX tie-up enables US tech firms to access Singapore capital
SINGAPORE (May 16): While Singapore has seen one or two sizeable listings this year amid a spate of privatisation offers, Singapore Exchange has been working hard to attract potential IPO applicants from the US. In particular, SGX’s efforts have been carried out via a partnership with Third500, a Singapore-based affiliate of US investment bank Healthios Capital Markets. Third500 was ...
ARA US Hospitality Trust public tranche 1.1 times subscribed; starts trading at 2pm
SINGAPORE (May 9): ARA US Hospitality Trust has completed its initial public offering (IPO) of about 379.8 million offer shares at 88 US cents per share. See: ARA US Hospitality Trust selling shares at US$0.88 each to raise US$498 mil in IPO Based on the approximately 51.1 million stapled securities available to the public for subscription, the public offer was approximately 1.1 times ...
ARA US Hospitality Trust selling shares at US$0.88 each to raise US$498 mil in IPO
SINGAPORE (May 2): ARA US Hospitality Trust on Thursday registered its prospectus with the Monetary Authority of Singapore in connection for the proposed listing on Singapore Exchange’s MainBoard. This will be the first pure-play US upscale select-service hospitality portfolio to be listed on the SGX. See: ARA US Hospitality Trust lodges prelim prospectus The offering of about 379.8 ...
Another US hospitality REIT lodges its prelim prospectus
SINGAPORE (Apr 25): Eagle Hospitality Trust (EHT) has lodged its preliminary prospectus for a listing on the Singapore Exchange, seeking to raise gross proceeds of around US$453 million ($619 million). See: US-based Eagle Hospitality Trust swoops in on Singapore listing This comes a day after another US hospitality REIT -- ARA Hospitality Trust -- lodged its prelim IPO prospectus on ...
ARA US Hospitality Trust lodges prelim prospectus
SINGAPORE (Apr 24): ARA US Hospitality Trust, which owns a US$719.5 million ($977.4 million) portfolio of US-based hotels and hospitality assets, has lodged its preliminary prospectus in what could be the largest IPO year to date. ARA US Hospitality Trust is seeking to raise US$450.7 million in the IPO. According to Bloomberg, the hospitality group will offer units at 88 US cents ...
Uber unveils IPO with warning it may never make a profit
NEW YORK (Apr 12): Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. The document gave the first comprehensive financial picture of the decade-old company which was started after its founders struggled to get a cab on a snowy night and has changed the way much of the ...
Hong Kong loses 3 tech IPOs to Shanghai
(Apr 12): China’s efforts to keep its next tech superstars at home are showing some early signs of success. Since March, Qingdao Haier Biomedical Co., Sun Car Insurance Agency Co. and Certusnet Information and Technology Co. have scrapped plans to list in Hong Kong and are expected to debut on Shanghai’s new board instead. While the Chinese city is yet to attract any of the country’s ...
US-based Eagle Hospitality Trust swoops in on Singapore listing
SINGAPORE (Apr 2): Singapore could soon see the listing of its very first US hospitality pure-play real estate investment trust (REIT). Eagle Hospitality Trust is preparing to lodge its prospectus with the Singapore Exchange (SGX), according to FinanceAsia. Pre-marketing for the listing, valued at US$550 million ($745 million), including greenshoe option, has recently been completed. The ...
Newly listed Sim Leisure aims to grow as regional operator of 'budget' theme parks
SINGAPORE (Mar 18): Forget adrenaline-pumping roller-coaster rides or movie-themed attraction games. Think water slides, dunk tanks and tree swings. Newly listed Sim Leisure Group aims to build and operate amusement parks that are reminiscent of traditional childhood outdoor activities. The company operates a theme park on Penang island that has two sections — ESCAPE Adventureplay and ESCAPE ...