Eagle Hospitality REIT's IPO falls flat as investment banks pick up slack

Submitted By:  Arianna Danganan Case Study:  No Investors subscribed to less than half of its stapled securities. Despite being the largest IPO on the Singapore Exchange (SGX) in 2019 to date, Eagle Hospitality Real Estate Investment Trust’s (EH REIT) initial public offering (IPO) saw less than half of its stapled securities subscribed under the public offer, resulting in the joint bookrunners and underwriters having to take up the bulk of the allotment of unsubscribed securities, a disclosure with the local bourse revealed. read more