More REITs to make debut on S'pore Exchange

More REITs to make debut on S'pore Exchange:

Source

At least seven real estate investment trusts (REITs) that could raise around $4 billion are expected to make their debut on the Singapore Exchange this year.

Analysts expect further upside for REITs and said more of them will likely ride the momentum and issues as big as last year's two mega-IPOs could be in the pipeline.

One of these is the Mapletree Commercial Trust to be launched sometime in late March or early April, which could raise over $1 billion and will have an asset portfolio of about $2.5 billion, said Mr George Lee, executive vice-president, Group Investment Banking at OCBC Bank.

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