Singapore: Keppel-KBS US REIT IPO raises $553.1m amid positive demand

Bellevue Technology Centre in Seattle, Washington. Credit: Keppel-KBS US REIT

Keppel-KBS US REIT saw its initial public offering (IPO) attract strong demand from both institutional and retail investors on its debut on the Singapore Exchange (SGX). The IPO saw the REIT issue 262,772,400 units, subject to an over-allotment option, priced at $0.88 per unit.

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