Latest News Update About Mapletree Ipo: Mapletree Industrial Trust, a property trust linked to Temasek Holdings, the Singapore state-owned sovereign wealth fund, will raise at least 853 million Singapore dollars ($654 million) after pricing its initial public offering at the top of the indicative range, Reuters reported, citing sources.
Mapletree Industrial will sell units at 0.93 Singapore dollars each, which translates to an annualized dividend yield of about 7.6 percent, the news service said. The trust had earlier set a indicative range of 0.88 Singapore dollars to 0.93 Singapore dollars a unit.
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