Manulife Prices Singapore IPO at the Top

Singapore is expecting the country’s biggest equity fundraising in nearly two years in retail investment.

Manulife US Real Estate Management Pte. Ltd. has started taking orders from retail investors for its US$470 million initial public offering.

Manulife US REIT said it will sell 566 million units, of which 169.54 million are being taken up by select investors.

 Read more at the Wall Street Journal.