This REIT just jumped 11.4% on debut - here's why millionaire investors went crazy
Key Points
- Centurion Accommodation REIT debuted at S$0.98, up 11.4% fro...
Centurion Accommodation REIT opened at S$0.98 today, an 11.4% pop from its IPO price of S$0.88. That's the kind of first-day performance that makes IPO investors feel like financial geniuses - at least until next week when they're back to panic-scrolling through red portfolios.
The S$771.1 million (US$598.8 million) raise makes this Singapore's second-largest IPO of 2025, trailing just behind NTT DC REIT's S$773 million haul in July. It's like watching two REITs compete in a very expensive game of "who can collect the most investor money." Spoiler alert: both are winning.
**When Everyone Wan...
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