Sabana REIT Prices IPO At S$1.05/Unit; To Raise S$664.4M
Sabana Shari'ah Compliant Industrial Real Estate Investment Trust raised S$664.4 million in gross proceeds, after pricing its initial public offering at S$1.05 per unit.
The company, which filed its prospectus to the Monetary Authority of Singapore last week, said it was planning to sell a total of 632.8 million units in the IPO.
The company intends to use the proceeds of the IPO to purchase properties and to pay off debt-related costs.
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