Mapletree eyes Singapore IPO in 2027, Business Times reports
The Business Times said the possible listed entity could be valued at about $5 billion though the figure remains unverified.
PHOTO: Reuters
HONG KONG - Singapore state investor Temasek-owned Mapletree Investments could launch an initial public offering in Singapore as early as 2027, the Business Times reported on Friday (Oct 30), citing sources.
The property investor has begun appointing banks and legal advisers for a potential listing, the newspaper said.
"As a matter of policy, we do not comment on market rumours. Any material information, should it arise, will be communicated through the appropriate channels," a Mapletree spokesperson said in response to a Reuters query on Friday.
The potential listing follows the collapse of talks over a possible merger between Mapletree and CapitaLand Investment, another Temasek-backed real estate group, the report said.
The Business Times said the possible listed entity could be valued at about $5 billion though the figure remains unverified.
Mapletree had $76.2 billion in assets under management as of March 31, according to the report.
[[nid:623806]]