IPO News | Rumor has it that Maplewood Capital is seeking listing in Singapore and is expected to raise SGD 1 billion

The Zhitong Finance App learned that the report quoted people familiar with the matter as saying that Temasek's Mapletree Capital (Mapletree) selected Citibank, DBS and Morgan Stanley to assist in the listing in Singapore, and is expected to raise about 1 billion Singapore dollars (about HK$6.13 billion).

According to the news, the company manages 3 Singapore-listed real estate investment trusts (REITs) and 9 real estate private equity funds, and has investment portfolios in the Asia-Pacific, European, UK and US markets. As of the end of March this year, its assets under management were approximately SGD 76.2 billion, with a total of about 881 assets in 13 markets, including Another City in Hong Kong, Weida Center, and Fengshu Tsing Yi Logistics Center. The company's target for the 2028-2029 fiscal year is between 9% and 12% for both the average return on invested equity and the average return on equity.