Few more Catalist IPOs expected by year's end: SGX executive

A FEW more new listings by year's end should raise the number of Catalist-listed companies past 200 from the current 197, Singapore Exchange (SGX) head of equity capital market and capital market development Mohamed Nasser Ismail said on Friday.

The pipeline for the sponsor-based board includes companies from the US and frontier markets such as Armenia, Mr Nasser said.

Mr Nasser made those comments as the SGX is celebrating the 10th anniversary of Catalist, which replaced the old Sesdaq secondary board in 2007 with a sponsor-led regime.

A total of 14 companies have completed initial public offerings on the SGX so far this year, raising S$3.1 billion of proceeds. Of those, 10 listed on Catalist, raising S$201.5 million.