Entries by coastalcabana

Ipo Centurion Accommodation Reit 166 Times Subscribed

The IPO of Centurion Accommodation REIT (CAREIT) has been met with great success, as it was 16.6 times oversubscribed. The total offering of 262,160,900 units was sold, with 13.2 million units going to retail investors. This IPO raised a total of $771.1 million, with each unit priced at $0.88. This implies a projected distribution yield […]