IPO activity disappoints in 2018 as big plans get iced
13 firms have raised just S$715m in gross proceeds from initial public offerings here so far this year; final tally is looking dismal after blockbuster 2017
Add BT as a preferred source
Singapore
SINGAPORE is headed for its worst year of IPO activity since 2015, with 13 companies raising just S$715 million in gross proceeds from initial public offerings here so far this year.
IPO bankers The Business Times spoke to are not hopeful of getting more deals out the door till next year, so the final tally for 2018 is looking pretty dismal after a blockbuster 2017. Last year, 20 new flotations raised S$4.7 billion in proceeds, including seven mainboard listings.
TRENDING NOW
Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30
Shanda co-founder sells Tanglin Hill bungalow for S$76 million
Johor property old hand KSL readies family handover amid market boom
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
