International Business Times, Singapore Edition
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NetLink IPO oversubscribed; shares to list at 3 pm

IPO got strong support from both institutional and retail investors: company statement.

singtel
A view of a Singtel signage is seen at their head office in Singapore. REUTERS/
  • NetLink NBN Trust's IPO two times subscribed with S$4.7 billion worth of subscriptions received
  • IPO got strong support from both institutional and retail investors: company statement
  • The offering comprised an international placement of 2.7 billion units to investors
  • Based on the offering price of 81 Singapore cents per unit, the NetLink group is expected to pay an annualised distribution yield of 5.43% for forecast period 2018 and a distribution yield of 5.73% for projection year 2019 respectively
  • Trading debut on July 19, 2017 at 3.00 p.m.

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