FCL’s Australia industrial REIT seeks $900m in IPO

It will be Singapore’s biggest share sale since 2013.

Frasers Logistics & Industrial Trust is seeking as much as about S$900 million ($654 million) for its Singapore initial public offering, according to people with knowledge of the matter, which would make it the biggest such share sale in the city state since 2013.

The trust, backed by 51 Australian properties, plans to offer units at 85 to 89 Singapore cents each, the people said, asking not to be named as the information isn’t public yet. Read the full report here.

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