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SGX sees better IPO market in next 6 months

CEO encouraged by healthy pipeline; company posts 5.5% rise in Q2 profit to S$88.3m

Published Thu, Jan 19, 2017 · 09:50 PM

Singapore

THE Singapore Exchange (SGX) expects more new listings in the next six months amid improved market conditions, chief executive Loh Boon Chye said on Thursday even as he fended off questions about the competition.

Mr Loh made those comments when the market operator said that net profit rose 5.5 per cent to S$88.3 million for its second fiscal quarter on higher activity in its securities market.

On a per share basis, that comes to 8.2 Singapore cents for the three months ended Dec 31, 2016. For the si…

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