Industrial-warehouse manager GLP is planning to take its U.S. arm public this year, according to people familiar with the matter, in what would be one of the biggest real-estate listings on record.
The closely held Singapore firm has filed confidentially with securities regulators for an initial public offering that could value its U.S. business, the world’s second-largest owner of industrial warehouses, at more than $20 billion, according to people familiar with the matter.
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