Keppel DC REIT up 5% in trading debut

Its IPO raised $512.9m.

Keppel DC REIT marked its trading debut today, following an IPO that raised $512.9m. Keppel DC REIT units opened at $0.98 today, up 5% from its IPO price of $0.93.

The listing of Keppel DC REIT brings the number of REITS and property trusts listed on SGX to 40, with a total market capitalisation of S$70 billion.

Its IPO portfolio comprises eight data centre properties in the Asia-Pacific and Europe, with an aggregate appraised value of about S$1 billion and an aggregate lettable area of 509,913 square feet as at end-September 2014.

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