AME-REIT IPO gets solid backing from investors

KUALA LUMPUR: AME Real Estate Investment Trust (AME-REIT) initial public offering (IPO) was well-received by investors.

AME-REIT’s institutional offering was covered by 4.2 times the 109.5 million units made available for the book building process, according to I-REIT Managers Sdn Bhd, the management company of AME-REIT.The IPO exercise entails an offering of 254.8 million units, representing 49% of total 520 million units in AME-REIT.