The IPO for GLP (Global Logistic Properties) opens officially today.
1,070,869,000 of the shares will be offered via a placement while 102,375,000 shares will be allocated to the public offer.
The public offer subscription period is pretty short as it opens on Monday 11th October 2010 at 6pm and ends on 14th October 2010 Thursday at 10am. Application can be done via ATM of DBS, UOB and OCBC. You will need an existing CDP account to apply.
Each share is priced at $1.96 and is expected to commence trading on a “ready” basis at 9am on October 18, 2010.
For those who are interested in the GLC IPO, you can download the prospectus here:
The GLP prospectus is a monster 558 pages!