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Report: Manulife US REIT to price IPO at top end

will price itsIPO in Singapore at 83 U.S. cents apiece, raising US$519.2 million in theprocess, Thomson Reuters' IFR reported, citing an unnamed source.

The upcoming S-REITpreviously offered aprice range of between 82 cents and 83 cents. The new REIT plans to offer 396,569,300 units, subject to anoverallotment option, to the public and institutional investors.

At the rumored IPO price, theREIT will have a total capitalization of roughly US$815.2 million.