Singapore IPO Revival Hopes Pick up With NTT’s REIT Debut Gains

Singapore’s biggest initial public offering in eight years is offering hope that the country’s stock exchange is finally attractive for new listings.

NTT DC REIT gained as much as 3% on Monday in its trading debut, outpacing the benchmark Straits Times Index. This comes after it secured the city-state’s sovereign wealth fund as a rare cornerstone investor.