NetLink IPO oversubscribed; shares to list at 3 pm

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

• By Aastha Agnihotri
  July 19, 2017 12:54 +08

• 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.