{"id":3806,"date":"2010-10-21T07:16:00","date_gmt":"2010-10-21T07:16:00","guid":{"rendered":"urn:uuid:331ce97e-1bc6-49b0-9ba3-66832ba781be"},"modified":"2025-03-06T07:22:02","modified_gmt":"2025-03-06T07:22:02","slug":"mapletree-industrial-trust-unit-price-surged-on-trading-debut","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/vn\/newsroom\/mapletree-industrial-trust-unit-price-surged-on-trading-debut\/","title":{"rendered":"Mapletree Industrial Trust Unit Price Surged On Trading Debut"},"content":{"rendered":"\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-medium-font-size\">NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES.<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li style=\"font-style:italic;font-weight:400\">Debuted strongly at S$1.15, representing an increase of 23.7% over the IPO Offering Price&nbsp;<\/li>\n\n\n\n<li style=\"font-style:italic;font-weight:400\">Closed at S$1.16, representing an increase of 24.7% over the IPO Offering Price&nbsp;<\/li>\n\n\n\n<li style=\"font-style:italic;font-weight:400\">Largest Singapore Real Estate Investment Trust IPO to-date&nbsp;<\/li>\n\n\n\n<li style=\"font-style:italic;font-weight:400\">Most active counter of the day with 345.0 million Units traded despite only three hours of trading<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"576\" height=\"384\" src=\"https:\/\/www.mapletree.com.sg\/tachyon\/2024\/12\/MG_8497-3.jpg\" alt=\"\" class=\"wp-image-3807\" srcset=\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8497-3.jpg?resize=576%2C384&amp;zoom=1 576w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8497-3.jpg?resize=576%2C384&amp;zoom=0.5 288w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8497-3.jpg?resize=576%2C384&amp;zoom=0.25 144w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><figcaption class=\"wp-element-caption\">Key management members of Mapletree celebrated the strong debut performance of Mapletree Industrial Trust units at its listing ceremony this afternoon with Mr Magnus B\u00f6cker, Chief Executive Officer of Singapore Exchange.<\/figcaption><\/figure>\n\n\n\n<p class=\"has-text-align-left\">From left to right: Mr Hiew Yoon Khong, Group CEO, Mapletree Investments Pte Ltd; Mr Tham Kuo Wei, CEO, Mapletree Industrial Trust Management Ltd.; Mr Wong Meng Meng, Chairman, Mapletree Industrial Trust Management Ltd.; Mr Magnus B\u00f6cker, CEO, Singapore Exchange; Mr Phua Kok Kim, CEO, Mapletree Industrial; Mr Edmund Cheng, Chairman, Mapletree Investments Pte Ltd.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"675\" height=\"450\" src=\"https:\/\/www.mapletree.com.sg\/tachyon\/2024\/12\/MG_8511-5.jpg\" alt=\"\" class=\"wp-image-3808\" srcset=\"https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8511-5.jpg?resize=675%2C450&amp;zoom=1 675w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8511-5.jpg?resize=675%2C450&amp;zoom=0.5 338w, https:\/\/www.mapletree.com.sg\/tachyon\/sites\/17\/2024\/12\/MG_8511-5.jpg?resize=675%2C450&amp;zoom=0.25 169w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><figcaption class=\"wp-element-caption\">Mr Magnus B\u00f6cker, Chief Executive Officer of Singapore Exchange presenting the SGX gift to Mr Wong Meng Meng, Chairman of the Manager.<\/figcaption><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><strong>Singapore<\/strong>&nbsp;\u2013 Mapletree Industrial Trust (\u201c<strong>MIT<\/strong>\u201d), a Singapore-focused real estate investment trust (\u201cREIT\u201d) and one of the largest landlords of industrial space in Singapore, enjoyed a strong trading debut at 2.00 p.m. today on the Main Board of Singapore Exchange Securities Trading Limited (the \u201c<strong>SGX-ST<\/strong>\u201d).<\/p>\n\n\n\n<p>Raising gross proceeds of approximately S$1.19 billion from the offering of 594,913,000 Units to the public and under the placement tranche, as well as the Mapletree Cornerstone Subscription Units and the Cornerstone Units (as defined below), MIT is the largest Singapore REIT IPO to-date.<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-medium-font-size\">Excellent Debut<\/h3>\n\n\n\n<p>MIT\u2019s units (\u201c<strong>Units<\/strong>\u201d) opened strongly at S$1.15 per Unit, a 23.7% increase over its offering price of S$0.93 per Unit (\u201c<strong>Offering Price<\/strong>\u201d). The Units reached an all-day high of S$1.20 per Unit, a 29.0% jump over its Offering Price. At the close of trading, the Units ended 24.7% higher than its Offering Price of S$0.93 at S$1.16 per Unit with approximately 345.0 million Units changing hands, making it the most actively traded counter on the SGX-ST today.<\/p>\n\n\n\n<p>Commenting on the trading debut, Mr Tham Kuo Wei, Chief Executive Officer of Mapletree Industrial Trust Management Ltd, as manager of MIT (the \u201c<strong>Manager<\/strong>\u201d), said, \u201cWe are delighted with MIT\u2019s excellent trading debut, which is a strong indication of the market\u2019s confidence in the fundamentals and growth prospects of MIT.\u201d<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-group has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-medium-font-size\">Overwhelming Response<\/h3>\n\n\n\n<p>The offering of 594,913,000 Units (the \u201c<strong>Offering<\/strong>\u201d), had earlier received overwhelming response with subscription rates of 27.7 times by retail investors (based on 80,645,000 Units and excludes the 25,500,000 Reserved Units) and 39.6 times by institutional investors (through the placement tranche comprising 488,768,000 Units).<\/p>\n\n\n\n<p>The Sponsor<sup>1<\/sup>\u2019s strong support of and commitment to MIT was demonstrated through its aggregate holding<sup>2<\/sup>&nbsp;of 453,424,000 Units in MIT, which represents approximately 31.0% of the total number of Units in issue, with the over-allotment option exercised in full.<\/p>\n\n\n\n<p>MIT had earlier secured prominent cornerstone investors such as Stichting Depository APG Tactical Real Estate Pool, American International Assurance Company Limited, Singapore Branch, American International Assurance Company (Bermuda) Limited, Henderson Global Investors, Columbia Wanger Asset Management, LLC, D.E. Shaw Valence International, Inc. and Prudential Asset Management (Singapore) Limited (acting for itself and on behalf of one or more investment funds and clients), who subscribed for an aggregate of 322,578,000 Units (the \u201c<strong>Cornerstone Units<\/strong>\u201d). These Cornerstone Units are also separate from the Offering.<\/p>\n\n\n\n<p>DBS Bank Ltd. and Goldman Sachs (Singapore) Pte. are the joint global coordinators for the Offering. The issue managers for the Offering are DBS Bank Ltd., Goldman Sachs (Singapore) Pte., Citigroup Global Markets Singapore Pte. Ltd. and Standard Chartered Securities (Singapore) Pte. Limited (collectively, the \u201c<strong>Joint Bookrunners<\/strong>\u201d).<\/p>\n\n\n\n<p><sup><strong>1<\/strong><\/sup>&nbsp;Mapletree Investments Pte Ltd is a leading Asia-focused real estate capital management company and sponsor of MIT<br><sup><strong>2<\/strong><\/sup>&nbsp;Through its wholly-owned subsidiary, Mapletree Dextra Pte. Ltd.<\/p>\n<\/div>\n","protected":false},"featured_media":16294,"template":"","meta":{"_acf_changed":false,"_trash_the_other_posts":false,"ep_exclude_from_search":false,"editor_notices":[]},"tags":[661,114],"newsroom-category":[112],"csr-category":[],"class_list":["post-3806","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","tag-661","tag-news"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mapletree Industrial Trust Unit Price Surged On Trading Debut - MIPL Vietnam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mapletree-stag.altis.cloud\/vn\/newsroom\/mapletree-industrial-trust-unit-price-surged-on-trading-debut\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mapletree Industrial Trust Unit Price Surged On Trading Debut - MIPL Vietnam\" \/>\n<meta property=\"og:description\" content=\"NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES. 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