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CapitaMalls is looking to raise up to SGD2.8bn (USD2bn/EUR1.4bn) on Singapore Exchange via the issue of 1.165 billion shares at an indicative price range of between SGD1.98 and SGD2.39 per share. This would value the company at a price-to-book ratio of 1.45 times to 1.75 times, the e-mail said.
The IPO will be launched on 17 November and will close seven days later. Trading is expected to start on 25 November.
CapitaMalls Asia is a subsidiary of Singaporean property company CapitaLand Ltd (SIN: C31).
(SGD1 = USD0.713/EUR0.487)
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