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.
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.