IPO news: UBS is reportedly working on at least 5 listings in Spore valued btwn US$500m – 1.5b, and expects some to be pushed out in 2H11. Amongst the double-digit no. of deals that the bank is working on are a couple of Reits that include those with links to the tourism industry (ie. hotel Reits). UBS notes air traffic has been pouring through Spore and investors want to continue to play that theme bcs they expect only upside on the front...
Positive beneficiaries include CDLH Trust (investors may relook this hotel Reit) and OUE (mgt open to Reit spin off and sale of Mandarin Orchard)...
ben_oh: UBS is also looking to dual-list a European based company (possibly BW Offshore).
The new listings, if successful, could provide a boost to trading volumes for SGX, and could be a catalyst given the recent lack of trading activity.
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