Singtel's NetLink debuts slightly above offer price

NetLink NBN Trust

19/07/2017 08:00

SINGAPORE, July 19 (Reuters) - Units of NetLink NBN Trust 
 NETL.SI , the broadband unit of Singapore Telecommunications 
 STEL.SI  (Singtel), debuted on Wednesday at S$0.815, slightly 
above the offer price, in Singapore's biggest initial public 
offering in four years. 
    NetLink had priced its IPO of 2.9 billion units at S$0.81 
apiece, raising about S$2.3 billion ($1.7 billion). urn:newsml:reuters.com:*:nL4N1JY3L5 
    Singtel owns 24.99 percent of NetLink after the IPO.  
    The listing brings the total amount raised via IPOs in 
Singapore to their highest in at least three years, according to 
Thomson Reuters data, and is expected to help cement the 
city-state's position as one of the top destinations for 
property and business trusts in Asia. 
 
 (Reporting by Aradhana Aravindan; Editing by Himani Sarkar) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: NETLINK TRUST LISTING/