Prime US REIT raises $612m in downsized offering, makes flat listing debut

Prime US REIT raises $612m in downsized offering, makes flat listing debut

101 South Henley, Missouri, St. Louis, USA, one of the properties featured in the IPO portfolio (Source: KBS)

Prime US REIT, the third US-focused REIT to be launched on the Singapore Exchange (SGX) Mainboard in 2019, raised $612 million in a downsized total offering size (previously $705 million) comprising 335.20 million units offered to both the public and placement.

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