Soilbuild Business Space REIT Drops in Debut: Singapore Mover
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Soilbuild Business Space REIT, whose assets include business parks and industrial properties in Singapore, fell in the city-state’s biggest initial public offering since May, tracking declines in the broader market.
The shares dropped 8.3 percent to S$0.715 at the close of trading in Singapore compared with the IPO price of S$0.78 apiece. The REIT raised S$626.7 million ($494 million), offering