MGCCT IPO raises record $1.6b to become largest REIT IPO ever

Third most actively traded counter on debut.

In a release, Mapletree Greater China Commercial Trust (MGCCT) said that its stock closed at S$1.03 per Unit, 10.8% above its initial public offering (IPO) price of S$0.93 per Unit to become the third most actively traded counter on its first day of trading with a total of over 238 million Units changing hands.

The Manager’s Chief Executive Officer, Ms Cindy Chow said, “We are excited that MGCCT has come to market. MGCCT’s strong debut on its first trading day speaks clearly of its quality and potential. With solid support and an excellent track record from our Sponsor, Mapletree Investments Pte Ltd, MGCCT is set to deliver an attractive yield plus growth profile to its investors. We are further encouraged by the 29.5 times subscription for MGCCT’s IPO1. We would like to thank all our Unitholders for their confidence and support.”

The IPO of MGCCT marked several milestones. It is the first and only commercial REIT with properties in both Hong Kong and China. Having raised proceeds of over S$1.6 billion, it is also the largest real estate investment trust (“REIT”) IPO in Singapore to date.

Also Read

Mapletree successfully closes Japan logistics fund

Osome raises $22.91m to boost profitability

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit