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BT EXCLUSIVE

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
Mon, Nov 05, 2018 - 5:50 AM
marilee@sph.com.sg@MarissaLeeBT

BP_Koufu_051118_6.jpg
Except for Koufu, which last traded at its IPO price, and Asian Healthcare Specialists, a Catalist-listed group of orthopaedic doctors which is up 19.6 per cent since its April debut, all of this year's IPO débutantes have left their subscribers swimming in underwater world.
PHOTO: KOUFU GROUP LIMITED

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...

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