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Singapore’s largest IPO since 2017 sees muted debut​

The NTT DC REIT, which started trading on the Singapore Exchange on Monday, reached US$1.03 but closed at its offer price of US$1.
Singapore’s largest IPO since 2017 sees muted debut
An SGX sign is pictured outside the Singapore Exchange. (File photo: Reuters/Edgar Su)


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Abigail Ng
Abigail Ng
14 Jul 2025 09:43PM (Updated: 15 Jul 2025 09:25AM)
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SINGAPORE: Despite its initial public offering (IPO) being oversubscribed, market reaction to a data centre-focused real estate investment trust (REIT) that was billed as the largest to debut on the Singapore bourse since 2017 was muted on the first day of trade.

The NTT DC REIT, which started trading on the Singapore Exchange (SGX) at 2pm on Monday (Jul 14), opened at US$1.02, above its offer price of US$1. During the afternoon, the REIT's share price rose as high as US$1.03, before closing at US$1.
 
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