Singapore’s largest IPO in 8 years shows ‘broader vote of confidence’: SGX CEO

Adrian Bogdan

Singapore's stock market saw its largest listing in eight years on Monday (Jul 14) with the debut of a real estate investment trust (REIT) focused on data centres. Valued at US$773 million, the trust NTT DC REIT is backed by Singapore's sovereign wealth fund GIC and Japan's NTT group. It is expected to give a much-needed boost to the Singapore Exchange (SGX), which has seen lacklustre interest for major listings in recent years. SGX’s chief executive officer Loh Boon Chye tells CNA’s Roland Lim

Tag-uri: Real Estate