Axis Global – BT

Axis REIT IPO said to be at RM1-RM1.05

The initial public offering for Malaysia’s Axis Global Industrial REIT has been set at an indicative price range of RM1.00-1.05 (US$0.329-US$0.345) a unit, two sources who have seen the information memorandum told Reuters.

The share base of about 2 billion units prices the IPO at between RM2 billion-2.1 billion (US$658-$691 million), making it the second largest REIT in Malaysia after Sunway REIT’s RM2.4 billion IPO last year. – Reuters