ARA US Hospitality Trust debuts on SGX mainboard at US$0.875, just off IPO price

ARA US Hospitality Trust on Thursday made its trading debut on the Singapore Exchange's mainboard board at US$0.875 per stapled security, just slightly below its IPO price of US$0.88.

ARA US Hospitality Trust is a Singapore-based stapled trust comprising ARA US Hospitality Property Trust and ARA US Hospitality Management Trust. Lee Jin Yong, CEO of the managers, noted that the support received from both institutional and retail investors had been encouraging, and that the trust will focus on organic growth opportunities through active asset management, and accretive investments.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ARA US Hospitality Trust IPO 1.1 times subscribed, debuts on SGX mainboard at US$0.875ARA US Hospitality Trust on Thursday made its trading debut on the Singapore Exchange's mainboard board at US$0.875, just slightly below its IPO (initial public offering) price of US$0.88 per stapled security. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

ARA US Hospitality Trust IPO 1.1 times subscribed, debuts on SGX mainboard at US$0.875ARA US Hospitality Trust on Thursday made its trading debut on the Singapore Exchange's mainboard board at US$0.875, just slightly below its IPO (initial public offering) price of US$0.88 per stapled security. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »