Manulife US REIT

[CityFarmer]

> Then it still begs the question that US no REIT mkt meh... is Manulife saying that US investors can't appreciate a US domiciled REIT
> better than that of Asian investors?

> confused

> Canadian insurer Manulife Financial Corp.’s asset management arm is planning an up to US$450 million Singapore initial public
>offering of a clutch of U.S. office properties, in what could be among a handful of U.S. assets taken public in Asia.

> Fair value has been estimated at $488 million to $530 million. This equates to a forward price to book range of 1.1 to 1.2 times and
> post tax 2016 dividend yield of 5.5% to 5.9%

1. The size of the IPO at US$500M, in US is it big enough to get attention?

2. IPO the REIT at >1.0 Price to NAV - that's a steep price asking range. I guess the US investors will not accept so well. But here the REITs valuation are good at the moment.

3. Singapore investors like REITs

In other words, my guess is the seller gets a very good price on the STI to sell the IPO, and get all the attention and liquidity.

Maybe for another business, they will choose US to IPO?

Technology business will chose Nasdaq, US for IPO, right?