Singapore Set for Second-Largest 2025 IPO With REIT Listing

Singapore is poised for its second-largest listing of the year, as the city-state attempts to revive its stock exchange and close a gap with regional rivals that have surged ahead with initial public offerings.

Centurion Accommodation REIT, a spinoff from worker and student housing provider Centurion Corp., is seeking to raise S$771.1 million ($601 million) through the sale of 876.2 million units at S$0.88 each, according to terms of the deal seen by Bloomberg News. Singapore-listed Centurion rose as much as 7.4% on Thursday, before paring some gains.

The listing will give the real estate investment trust a ...