The announcement for Soilbuild Reit balloting is out!!
Based on the 62,500,000 Units available to the public for
subscription, the public offer was approximately 5.4X subscribed. This is
considerably weaker compared to OUE H-Trust which garnered 19.1X over
subscription.
If the first day performance of OUE H-Trust is any
indication, Soilbuild Reit with a 5.4X over subscription might not perform well.
Nevertheless, we shall see how the trading works tomorrow. Below is the allocation for Soilbuild Reit:
Source: SGX Website
The link to the SGX website if you are interested:
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