Here's why NetLink is Singapore's largest IPO in over four years

Singtel will own 24.99 percent of NetLink after the IPO.

singtel
Customers walk out of a Singtel shop at a mall in Singapore. REUTERS

The listing of Singapore Telecommunication's broadband unit NetLink Trust later this month is expected to build listing momentum for the rest of the year.

Here are a few facts about the upcoming IPO:

  • NetLink's $1.95 billion IPO is biggest in Singapore since Mapletree Greater China Commercial Trust's $2.06 billion IPO in February 2013
  • NetLink is offering 2.9 billion units at a price of S$0.81 each
  • Singtel will own 24.99 percent of NetLink after the IPO
  • Group intends to use the net proceeds for debt repayment, re-investments, acquisitions and other initiatives
  • Listing will take place on July 19

(With inputs from Reuters)

singtel
Customers walk out of a Singtel shop at a mall in Singapore. REUTERS

The listing of Singapore Telecommunication's broadband unit NetLink Trust later this month is expected to build listing momentum for the rest of the year.

Here are a few facts about the upcoming IPO:

  • NetLink's $1.95 billion IPO is biggest in Singapore since Mapletree Greater China Commercial Trust's $2.06 billion IPO in February 2013
  • NetLink is offering 2.9 billion units at a price of S$0.81 each
  • Singtel will own 24.99 percent of NetLink after the IPO
  • Group intends to use the net proceeds for debt repayment, re-investments, acquisitions and other initiatives
  • Listing will take place on July 19

(With inputs from Reuters)

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