Shinhan Global Active REITs Records 120 to 1 Competition Rate in General Subscription

Shinhan Global Active REITs, Korea's first global real estate fund REITs, announced on the 14th that it recorded a subscription competition rate of 120.37 to 1 during the two-day public offering subscription for general investors starting from the 13th. The subscription deposit was approximately 1.2638 trillion KRW.

Shinhan Global Active REITs recorded a competition rate of 38.7 to 1 with participation from 535 domestic and international institutions during the three-day demand forecasting held from the 3rd to the 5th. The final public offering price was set at 3,000 KRW. Following the institutional demand forecasting, the general subscription also showed the best results among listed REITs since 2022.

A representative from Shinhan REITs Management said, "Following the institutional demand forecasting, many investors participated in the general subscription, highly evaluating the stability, profitability, and growth potential of Shinhan Global Active REITs," adding, "We will continue to expand investments after listing to become Korea's leading overseas real estate REITs."

Shinhan Global Active REITs will complete payment on the 18th and be listed on the KOSPI market on the 1st of next month.