Wednesday, 24 July 2013

SPH Reit - Successful IPO bid

After missing out on the Mapletree family and Cache IPOs, finally I got lucky this time and received 1 lot allocation of SPH Reit.

Actually  I have just applied for 1 lot at the ATM as I did not want to waste time transferring money over to my POSB a/c as I expected SPH Reit to be many times over-subscribed.

SPH Reit was offered at 90 cents apiece at the top end of its price range and indeed it turned out that the stock was 37 times subscribed.

I have 1 lot now and I intend to hold it long term and accumulate more in the future.

The shares jumped 9.4% to 98.5 cents at the close of trading today.

SPH REIT debuts at 9% above IPO price
Wednesday, 24 July 2013

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