Hot on the heels of the GLP IPO, we now have the Mapletree Industrial Trust (MIT) IPO, which was launched yesterday at an issue price of $0.93 per unit.
Compared to the GLP, MIT is basically an industrial REIT, which makes it much easier to understand. Nevertheless, the prospectus is still a whopping 567 pages.
488,768,000 Units will be offered in a placement to investors, including institutional and other investors in Singapore while the public offer would be 106,145,000 Units (out of which 25,500,000 Units will be reserved for subscription by the directors, management, employees and business associates of Mapletree Investments Pte Ltd).
The closing date for the Mapletree IPO is 18th October 2010 at 8am and the counter is expected to start trading from 21st October 2010.
You can download the MIT prospectus below: