ERA Realty Network IPO launched

It is priced at 66 cents per share.

An initial public offering (IPO) for ERA Realty Network was launched at 66 cents per share, the registered IPO prospectus shows.

According to KGI, the IPO was launched along with other businesses of APAC Realty.

The IPO consists of 48.9 million shares, including 44.5 million shares for institutions via placement and 4.4 million shares to retail investors.

Another 39.3 million shares will be sold to cornerstone investors Fidelity Investment, Singapore-based Azure Capital Pte Ltd, Soilbuild Group executive chairman Lim Chap Huat, and serial investor Wang Yu Huei.

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