Business & Finance
Temasek’s Mapletree Is Said to Pick Banks for Singapore IPO
Key Points
EXCLUSIVE Temasek’s Mapletree Is Said to Pick Banks for Singapore IPO Mapletree Investments Pte, a real estate firm owned by Singapore state investor Temasek Holdings Pte, has picked banks for an initial public offering of parts of the company in the city state that could raise at least S$1 billion ($780 million), according to people familiar with the matter. Citigroup Inc., DBS Group Holdings Ltd. and Morgan Stanley are working on the planned listing of some of Mapletree’s assets, the...
EXCLUSIVE
Temasek’s Mapletree Is Said to Pick Banks for Singapore IPO
Mapletree Investments Pte, a real estate firm owned by Singapore state investor Temasek Holdings Pte, has picked banks for an initial public offering of parts of the company in the city state that could raise at least S$1 billion ($780 million), according to people familiar with the matter.
Citigroup Inc., DBS Group Holdings Ltd. and Morgan Stanley are working on the planned listing of some of Mapletree’s assets, the people said, asking not to be identified because the information is confidential. The company hasn’t yet decided which assets would be included, the people said, adding that a listing could take place as soon as next year.