OUE Hospitality Trust predicted to raise $600.2m after pricing IPO

It's selling around 682m units.

According to Reuters, Overseas Union Enterprise will raise about S$600.2 million ($476 million) after pricing the initial public offering of its hospitality trust at the bottom of its indicative price range, two sources with knowledge of the matter said.

"OUE Hospitality Trust is selling about 682 million units in the deal at S$0.88 a unit, sources said, compared to an indicative price range of S$0.88 to S$0.90 a unit," Reuters said.

View the full report here.

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