CAPITALAND's CLCR SHANGHAI IPO PUBLIC TRANCHE 535.2 TIMES OVERSUBCRIBED
@SPOT_ON：
$CapLand China T(AU8U.SI)$ CapitaLand Commercial C-Reit’s (CLCR) Shanghai initial public offering (IPO) closed ahead of schedule and was 535.2 times subscribed. As for the book-building tranche, CLCR achieved a subscription coverage of 254.5 times from offline institutional investors, said CLI, the sponsor and asset manager of CLCR. This marked a record high among retail China real estate investment trusts (C-Reits) in the country, CLI added. With this, CLCR has raised 2.29 billion yuan (S$409 million) from its IPO, having issued 400 million IPO units at a price of 5.718 yuan per unit. CapitaLand China Trust (CLCT) and CapitaLand Development will collectively hold 20 per cent of its IPO units. Excluding this collective stake, the majority of the remaining units were snapped up by insurance companies, strategic capital investors and securities firms, said CLI. Cornerstone investors took up 40.11 per cent of the units, while offline institutional investors were allotted 27.92 per cent in the book-building tranche $BABA-W(09988)$ $Tesla Motors(TSLA)$ $Apple(AAPL)$ $DBS Group Holdings(D05.SI)$ @TigerWire @Tiger_SG @Tiger V @MillionaireTiger
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