Consumer IPOs a relief but reversing delisting trend will be no cakewalk

ONE swallow does not a summer make. But eating does happen to be at the core of two rather recent initial public offerings (IPOs) that could potentially signify a welcome waning or even reversal of a spate of delistings in recent times in Singapore consumer-sector stocks.

Instant beverage mix maker Viz Branz on Tuesday lodged its preliminary prospectus for a mainboard debut, and is reportedly seeking to raise at least S$700 million according to a Bloomberg report that cited sources. The lodgement came shortly after local coffeeshop operator Kimly launched its Catalist IPO to raise some S$40.4 million.

Notably, Viz Branz's IPO constitutes a relisting after having gone private in 2013. If its relisting is successful, that could give some ho…