SINGAPORE (Oct 10): An initial public offering for Singapore's Fullerton Healthcare has priced at the bottom of its marketing range, raising S$213 million (US$155 million), IFR reported, citing two sources close to the deal. The IPO was priced at S$1.52 a share compared with the indicative range of S$1.52-S$1.93, the sources said, declining to be identified as the pricing was not public. The IPO comprised a base offer of 140.3 million shares — roughly two thirds of which were new and a third of which were shares sold by existing shareholders. Singapore IPO activity marked a 17-year low last year with just US$430 million worth of deals. This year has brought some relief with a US$519 million listing of Manulife US Real Estate Investment Trust and a US$666 million listing for Frasers Logistics and Industrial Trust.

Source: The Edge Markets October 10, 2016 04:18 UTC