Elite Commercial REIT – Balloting Results

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Elite Commercial Reit is offering 114,686,200 units for It’s IPO at £0.68 per unit (payable in Singapore dollars at S$1.21 per Unit). There will be placement tranche and public offer as below.

  • Placement Tranche: 108,951,900 Units
  • Singapore Public Offer: 5,734,300 Units

The write up is here.

The placement tranche of 108,951,900 units was 3.2x subscribed and the public offer was 8.3x subscribed.

Elite Ballot Results

For ratio 50:50, this means that anyone who applied will get some allocation. 

Congrats to those that applied and good luck.

The shares closed 4.4% higher at £0.71.

Author: The Financial Guy

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