Mapletree Eyes Singapore IPO in 2027
State-backed property investor Mapletree Investments is reportedly preparing for a Singapore initial public offering as early as 2027. The potential listing could value the entity at approximately five billion Singapore dollars following earlier merger talks.
Insights:
Mapletree Investments is preparing for a potential SGD 5.0 billion ($3.9 billion) IPO in Singapore by 2027, according to a report by the Business Times published on Friday morning. The state-backed property investor has started appointing banks and legal advisers for the offering. The move follows the collapse of merger talks between Mapletree and CapitaLand Investment, another Temasek real estate group.
