Greek crisis hanqs over Manulife IPO

摘要

Singapore's bid to complete its first main board IPO of 2015 ran into fresh challenges last week as the Greek debt crisis dented demand just as books opened last Monday on a S$569m (US$426m) REIT from Canadian insurer MANULIFE. Investors had not received any confirmation that the IPO was fully covered by the time of going to press on Friday, even though six cornerstone investors had pledged to buy 181m of the 694m units available and other anchor investors were also said to have committed to the deal. Bankers associated with the IPO said books would close as per schedule later on Friday. DBS Bank, DBS Private Banking, Fortress Capital, Lucille Holdings, Nikko Asset Management and Oman Investment Fund are the cornerstone investors.