CapitaLand Commercial C-REIT (SHA:508091) opened nearly 20% higher at 6.84 yuan during its first trading day on the Shanghai Stock Exchange Monday, according to a same-day filing by CapitaLand Investment (SGX:9CI) with the Singapore Exchange.
China's first international-sponsored C-REIT issued 400 million initial public offering units at 5.718 yuan per unit, raising 2.29 billion yuan in the process, the filing said.
The offering exceeded the initial estimate of 2.14 billion yuan by 7%, according to CapitaLand.
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