France's Praemia REIM is said to be considering the option of launching a healthcare real estate investment trust (REIT) in Singapore. This move has the potential to boost Singapore's slow initial public offering market.
The hospital assets that are being considered for the REIT could have a value of $2 billion to $3 billion. It is expected that the real estate investment firm will aim to raise several hundred million dollars in capital through this initial share sale.
This potential listing is part of a growing number of deals that could indicate a revival in Singapore's IPO landscape, which has faced challenges recently.