NTT DC REIT's IPO aimed to revitalize Singapore's underperforming equity market but encountered challenges as shares fell below the $1 offer price. The equity market was described as lackluster due to few growth stocks and limited IPO activity, illustrated by Singapore's only three IPOs so far this year versus Hong Kong's more than 40. Despite raising $773 million, Singapore's largest listing in eight years, the performance of NTT DC REIT's shares has raised concerns about the market's future potential and need for improvement.
"NTT DC REIT's shares have done poorly since their trading debut on Monday, falling below the offer price of $1 despite being oversubscribed and backed by GIC."
"Singapore's lack of growth oriented, tech representation in the STI has led it to trail the Hang Seng, resulting in descriptions of the market as lackluster."
Collection
[
|
...
]