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Singapore stock market sees biggest IPO in years with NTT DC REIT's debut

Singapore stock market sees biggest IPO in years with NTT DC REIT's debut

CNA14-07-2025
The Singapore Exchange has seen its biggest real estate investment trust (REIT) listing in more than 10 years, raising more than US$770 million. But Japan's NTT DC REIT's debut was met with a lukewarm response. Its unit price rose just three cents, or 3% higher above its unit offer price of U$1, before ending the day flat. NTT's portfolio includes high-spec facilities in Singapore, Austria and the US — all benefiting from the explosion of demand driven by artificial intelligence and cloud computing. Roland Lim reports.
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