SGX eyes billion-dollar Reits, consumer, tech, healthcare IPOs in coming months

Singapore

SINGAPORE Exchange (SGX) is seeing "very healthy" mandates for initial public offers (IPO) in the coming months - including possible billion-dollar Reits.

In addition to real estate investment trusts (Reits), the potential aspirants come from sectors the exchange has been actively marketing to the last couple of years. These include the consumer, healthcare and technology sectors, Chew Sutat, SGX's head of equities and fixed income, told The Business Times (BT) in a recent interview.

"There is talk of more US Reits coming. I would say I am fairly optimistic that there will be billion-dollar Reits from the west listing in Singapore,'' Mr Chew said.

"What we are starting to see and also excited about is the success of the consumer and healthcare sectors and the growth companies that are starting to mirror the regional companies that have market capitalisation north of a billion dollar plus, maybe S$2-3 billion, in pharmaceutical and medical services, that are looking to do transactions on the SGX. The mandates in the IPO…