Cromwell European REIT IPO shelved on weak investor demand: reports

-A +A

SINGAPORE (Sept 22): Looks like what could have been Singapore's second-largest IPO this year won’t be happening anytime soon.

According to a Dow Jones report, Cromwell Property Group has shelved its plans for an up to €1.1 billion (S$1.8 billion) initial public offering (IPO) in Singapore.

People familiar with the IPO process of Cromwell European Real Estate Investment Trust told Dow Jones Newswires this was due to tepid demand for its units... (Click here to read the full story.)