UI Boustead Reit shares fall 8.5 percent on market debut
Shares in UI Boustead Reit opened at S$0.805 on Thursday, down 8.5 percent from the IPO price. The listing is the largest IPO in Singapore so far this year.
Shares of the industrial and logistics real estate investment trust UI Boustead Reit faced a challenging start during their market debut in Singapore on Thursday. As the largest initial public offering in the country for 2026, the trust's performance was a focal point for regional investors. The stock opened at S$0.805 ($0.63), representing an 8.5% drop from its initial public offering price of S$0.88 per share. This decline occurred amidst a broader market environment where investors are closely evaluating the health of industrial assets and the stability of global service firms such as Unisys Corporation. The listing of UI Boustead Reit was intended to capitalize on the growing demand for logistics infrastructure, though the early trading session reflected a cautious sentiment among participants. At the time of the market opening, the currency exchange rate stood at 1.2760 Singapore dollars per U.S. dollar.
