CapitaLand raised S$2.47bn ($1.79bn) selling shares in its CapitaMalls Asia unit in Singapore’s biggest IPO in at least a decade, reports Bloomberg. Southeast Asia’s largest real estate developer sold 1.165bn shares in CapitaMalls at S$2.12 each, said a person familiar with the matter. The shares were previously offered at S$1.98 to S$2.39 apiece. CapitaLand said last month it will retain majority control of the unit after the share sale and for the “foreseeable future.”

This entry was posted by Gwen Robinson on Tuesday, November 17th, 2009 at 4:42 and is filed under Capital markets. Tagged with CapitaLand, CapitaMalls Asia. Edit this entry.