Daiwa House Logistics Trust Balloting Results – 50% chance of being Allocated


Balloting Results for Daiwa House Logistics Trust IPO are out!

The full details are here, but I’ll just summarise the key points quickly.

The public offer was 25 million units, and received 7543 applications for 236,990,600 units.

So the public offer was 9.5 times subscribed.

The offer was upsized, but all of the upsized units went into the placement tranche, so the public tranche did not go up in size.

Allocation of the public offer was as follows:

  • 25:50 (50%) chance of getting for all ranges of units.
  • Most people applied for the 10,000 to 19,900 range, and they received 6,000 units ($4,800)

The placement tranche was upsized to a total of 219,438,000 Units ($175 million), and it was 4.9 times subscribed.

Very strong showing from the placement tranche actually.

Quick Debrief

It’s a pretty decent showing from Daiwa House Logistics Trust, and the investor reception looks to be quite strong.

Allocation numbers are very small though, so for those who wanted to build a meaningful stake the IPO allocations wouldn’t be sufficient and they may need to add on the open market.

Trading commences at 2pm today so it would be interesting to see if Daiwa House Logistics Trust “pops” on IPO.

As for me – I applied for the IPO and I didn’t get any, which considering it’s a 50% chance, means that I wasn’t very lucky.

Oh well – there’s the new Digital Core REIT IPO that I’ll be covering tomorrow, and it looks to be even hotter than Daiwa House Logistics Trust.

BTW – we share commentary on Singapore Investments every week, so do join our Telegram Channel (or Telegram Group), Facebook and Instagram to stay up to date!

Just created a Discord server where I collate analyst reports and investing resources that I come across in my research. Hit us up here if you’re keen.

Don’t forget to sign up for our free weekly newsletter too!

[mc4wp_form id=”173″]




Please enter your comment!
Please enter your name here