Wednesday, 23 July, 2014

 
Published July 16, 2014
SGX carves niche in reits, mineral oil and gas listings: PwC
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THE Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia's initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings, a report by audit firm PwC said. - PHOTO: SPH

THE Singapore Exchange (SGX) continues to maintain a niche position in Southeast Asia's initial public offer (IPO) market, with its traditional strength in real estate investment trusts (REITs) and mineral, oil and gas (MOG) listings, a report by audit firm PwC said.

In its overview of global IPO activity for the first half of 2014, PwC noted that IPOs have been lively, generating some US$125.4 billion, the largest amount since the second half of 2010.

Asian activity declined in the second quarter in part due to the closure of the Chinese IPO market.

SGX remains relevant as it is "backed by strong governance and a progressive and transparent regulatory regime," said PwC's head of capital markets Tham Tuck Seng.