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Lendlease Global Reit achieves 4.5% premium on trading debut

Units rose to a high of S$0.945 before ending the day at S$0.92, up four cents from offer price of S$0.88

Published Wed, Oct 2, 2019 · 09:50 PM
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Singapore

LENDLEASE Global Commercial Reit (real estate investment trust) on Wednesday ended its first day of trading on the mainboard at S$0.92, 4.5 per cent above its initial public offering (IPO) price of S$0.88.

From the start of trading at 2pm till market close, the units traded within a band of S$0.915 to S$0.945.

About 74.6 million units changed hands, making it the most heavily traded securities on the Singapore bourse for the day.

The stock opened at S$0.935, traded at an intra-day high of S$0.945, up 7.4 per cent from its initial…

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