Margins thin for listings work as advisers fight for scraps amid ‘structural problems’
With just six IPOs this year so far – and none by big companies – the work has become less viable for capital market players
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A RECENT revival of Singapore’s initial public offering (IPO) pipeline has brought little cheer to Singapore’s capital market players, who say the work is becoming more challenging and less financially viable.
The fall in IPO volume means companies have to be “very cost-competitive”, industry players said.
There have been six listings on the Singapore Exchange (SGX) this year, with three of them in the final quarter. All six listed on the junior Catalist board.
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