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
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
Cromwell E-Reit posts 10.2% drop in indicative Q1 DPU to 3.505 euro cents
Bangkok airports set for US$4.8 billion expansion as tourism booms
Prudential’s Q1 new business profit down 2% at S$743 million
Hong Kong team plants seeds to safeguard legacy grains
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst