Southeast Asia’s largest developer CapitaLand (CATL.SI) will list 20-30% of its shopping mall arm in a Singapore initial public offering that sources said could raise at least US$1 billion ($1.4 billion).
CapitaLand Retail, a unit owning or managing 86 malls across Asia worth $20 billion, aims to list its shares this year or early next year, in what will be Singapore’s biggest IPO in several years, another sign of the recovery global IPO market.
