Cache Logistics, a real estate investment trust (REIT), plans to raise up to US$334 million ($466.2 million) in what will be Singapore’s biggest IPO so far this year.
Cache, managed by ARA Asset Management (ARAM.SI) and logistics firm CWT Ltd (CWTD.SI), is offering 474.2 million units at $0.84 to $0.88 a share, according to a draft prospectus filed with the Monetary Authority of Singapore.
