* Biggest Singapore IPO in three years
* IPO priced at S$0.89 per unit
* Listings boost for SGX after slump last year (Adds details of listing, cornerstone investors)
SINGAPORE, June 10 (Reuters) - Frasers Logistics and Industrial Trust (FLT) is set to raise about S$903 million ($666 million) after pricing its Singapore initial public offering at the top of its indicative range in the city-state's biggest new listing in three years.
The real estate investment trust (REIT), backed by Australian properties, said in a filing on Friday that it is selling 521.7 million units - priced at S$0.89 apiece - to institutions and retail investors. Cornerstone investors are buying another 492.8 million units.
The listing follows Manulife US REIT's MANU.SI $519.2 million sale last month, helping revive IPOs on the Singapore Exchange SGXL.SI after a slump last year. The offer was oversubscribed by a factor of six, and more than 120 institutional investors participated, according to Thomson Reuters publication IFR. investors include BlackRock Funds, DBS Bank Ltd, Morgan Stanley (NYSE:MS) Investment Management Company and Nikko Asset Management Asia, FLT said in its filing.
The REIT is sponsored by real estate developer Frasers Centrepoint Ltd FRCT.SI , backed by Thai tycoon Charoen Sirivadhanabhakdi.
FLT is due to start trading on the Singapore bourse on June 21.
($1 = 1.3557 Singapore dollars)