IPO - BHG Retail REIT - Immensely Priced Offering?

First, and probably only mainboard IPO in 2015.

China retail operator BHG Retail REIT launched an initial public offering of units at an offering price of $0.80 per unit.

The timing for this retail REIT IPOs is just not right now due to uncertainties caused by imminent interest rates hike, decline in retail outlook due to online shopping competition, etc.

Some of the business trust and REITS IPOs are indeed Immensely Priced Offerings:
- Rickmers Maritime Trust: IPO $1.57, current $0.134 (payment of dividend stopped)
- Indiabulls Trust: IPO $1, current $0.26
- Keppel Infra Trust (previously CitySpring): IPO $0.89, current $0.515
- HPH Trust: IPO US$1.01, current US$0.54
- Accordia Golf Trust: IPO $0.97, current $0.56
- Asian Pay TV Tr: IPO $0.97, current $0.73 
- Croesus Rtrust: IPO $0.93, current $0.80 
- Ireit Global: IPO $0.88, current $0.68
- FEHT: IPO $0.93, current $0.64
- FHT: IPO $0.88, current $0.735
- OUE Hospitality Trust: IPO $0.88, current $0.795
- Ascendas-hTrust: IPO $0.88, current $0.66
- OUE C-REIT: IPO $0.80, current $0.68
- Sabana REIT: IPO $1.05, current $0.73
- Viva Ind Tr: IPO $0.78, current $0.70

Only a few of the recent Reit IPOs buck the trend:
- SPH Reit: IPO $0.90, current $0.94
- Keppel DC Reit: IPO $0.93, current $1.04
- Cache Log Trust: IPO $0.88, current $0.91  

I think it is very likely that the IPO of BHG Retail REIT will be poorly subscribed because of current poor investor sentiment.  And more than likely that BHG Retail REIT will join the group of Immensely Priced Offerings.