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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

Published Sun, Nov 4, 2018 · 09:50 PM

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.

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