Deals
Mapletree Industrial IPO Said to Raise $654 Million
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Mapletree Industrial Trust, controlled by Singapore’s Temasek Holdings Pte, is set to raise S$853 million ($654 million) in an initial public offering, two people with knowledge of the matter said.
The real estate investment trust is selling 917.5 million shares at 93 Singapore cents apiece, the people said, requesting anonymity because the pricing hasn’t been publicly announced. Mapletree, owned by the real estate unit of Singapore’s state investment company, had marketed the units at 88 Singapore cents to 93 Singapore cents.