US$2.7 billion IPO for Chinese logistics facility provider

Shanghai-headquartered Global Logistic Properties (GLP) launched its initial public offering (IPO) on the Singapore Exchange. If the over-allotment option…

1 minute readNovember 09, 2010 at 11:58 PM

Candice Mak

Shanghai-headquartered Global Logistic Properties (GLP) launched its initial public offering (IPO) on the Singapore Exchange. If the over-allotment option is fully exercised, the global offering will raise gross proceeds of S$3.45 billion (US$2.7 billion) and become the largest IPO on the Singapore bourse since 1993.

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