IOI Properties' Reit IPO price set at 96 sen, to raise RM2.1bil
Wednesday, November 4, 2026 · first reported by NST Online
IOIPG Malaysia Reit, sponsored by IOI Properties Group Bhd, has priced its retail IPO at 96 sen per unit ahead of a Main Market listing on Bursa Malaysia on Nov 25. IOI Properties is offering up to 2.2 billion units, expecting to raise RM2.1 billion, and the Reit's market value at listing is estimated at RM5.3 billion. Applications close at 5pm on Nov 10.
The initial portfolio has nine freehold properties in Selangor, Kuala Lumpur and Penang, appraised at RM7.66 billion. IOI City Mall anchors it. IOI Properties plans to keep up to 60 per cent of the Reit and to use proceeds to repay borrowings.
- Fund
- IOIPG Malaysia Reit
- Asset class
- Real estate, Infrastructure
- Geography
- Asia-Pacific
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