IPO Price = $0.93
However, its price-to-book ratio is at 1.053 which is a premium. Although they are acquiring the assets at a discount, its balance sheet still shows a premium so I am not very sure why it is the case. Moreover, its gearing is quite high as well at 47.5%.
Looking at the current situation where most of the REITs are trading at a yield of about 5% and at a premium, I will definitely grab this chance and apply for as many lots as possible, hoping to get some. Moreover, once it is listed, I will analyze quickly and decide whether to get more because of its high yield.