Mapletree eyes $653.2 million in proceeds from its IPO

10/11/2010 | AsiaOne News

Mapletree Industrial Trust is expecting to raise $653.2 million from its initial public offering, which has priced at the top of the indicative range, according to sources. The company is expecting to be able to offer investors a yield of 7.6%. AIA, Prudential, U.K. fund manager Henderson and U.S. hedge fund D.E. Shaw are among the cornerstone investors.

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