GIC’s logistics unit to rake in $700 million in anticipated IPO
The Government of Singapore Investment Corp (GIC), the city-state’s leading SWF, is set to launch an initial public offering for its logistics arm later this year, with the aim of raising at least S$1 billion ($707 million).
The logistics business includes GIC's real estate unit focused on China and Japan, which was acquired from warehouse owner ProLogis in 2008 for $1.3 billion. The entity could debut as Singapore's largest...
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