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Singapore's GLP confirms IPO price of S$1.96 a share

SINGAPORE, Oct 11 (Reuters) - Global Logistic Properties (GLP), a unit of Singapore sovereign wealth fund GIC [GIC.UL], on Tuesday confirmed an initial public offering price of S$1.96 a share and said its shares will start trading on Oct 18.

The information was contained in an updated prospectus filed on the Monetary Authority of Singapore’s OPERA website.

GLP is set to raise as much as $3 billion from the IPO.

Reporting by Harry Suhartono, editing by Kevin Lim

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