Ascendas Hospitality Trust (A-HTRUST), said the public tranche of its IPO was 5.9 times oversubscribed.
At the close of the offer at noon on July 24, 17,577 valid applications for 484,929,000 stapled securities were received.
Based on the 70,148,000 stapled securities available to the public for subscription, the public offer was 6.9 times subscribed.
A total of 437,325,000 stapled securities were offered for subscription at $0.88 each for the IPO.
Ascendas Hospitality Trust (A-HTRUST) comprises Ascendas Hospitality Real Estate Investment Trust (AREIT) and Ascendas Hospitality Business Trust (AHBT), with an initial portfolio of 10 quality hotels.
Trading in the stapled securities of A-HTRUST on the Mainboard of the SGX is expected to start at 2 p.m. on Friday, 27 July 2012.
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