Comments on: Indiabulls REIT Drops Ten Per Cent on Singapore Debut http://indiarealestatelink.com/property-news/indiabulls-reit-drops-ten-per-cent-on-singapore-debut/ Your Link To India Properties Tue, 26 May 2009 06:28:54 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Vikas Bamotra http://indiarealestatelink.com/property-news/indiabulls-reit-drops-ten-per-cent-on-singapore-debut/comment-page-1/#comment-251 Vikas Bamotra Tue, 24 Jun 2008 13:45:42 +0000 http://indiarealestatelink.com/property-news/indiabulls-reit-drops-ten-per-cent-on-singapore-debut/#comment-251 Indiabulls Properties Investment Trust opened flat at its IPO price of $1.00 but then fell as much as 7.5 per cent in its Singapore market debut on Wednesday. The fall continues the poor record for listing of new real estate investment trusts, after the last two Reits to list in Singapore, Lippo-Mapletree Indonesia Retail Trust and Saizen Reit, tanked on their debuts last November and are still trading as much as 31 per cent below their IPO price. Indiabulls Properties Investment Trust opened flat at its IPO price of $1.00 but then fell as much as 7.5 per cent in its Singapore market debut on Wednesday.

The fall continues the poor record for listing of new real estate investment trusts, after the last two Reits to list in Singapore, Lippo-Mapletree Indonesia Retail Trust and Saizen Reit, tanked on their debuts last November and are still trading as much as 31 per cent below their IPO price.

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