IPOs return 17% globally in 2014: EY
Performance, which beats that of the MSCI World Index, is seen as the best since the financial crisis in 2007
Singapore
IT has been a good year for initial public offerings (IPO) around the world, with the average listing in 2014 delivering a 17.1 per cent return, according to a report by audit and advisory firm Ernst & Young (EY).
By contrast, the MSCI World Index, which tracks global equities, is up just 4.8 per cent year-to-date with reinvested dividends.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold prices flat with focus on US economic data
Mermaid Maritime bags Middle East contract extension worth US$125 million
Arm shares fall after company gives tepid annual forecast
Singapore stocks open lower on Thursday; STI down 0.3%
ARA H-Trust to sell 2 Hyatt House hotels for US$31 million
Stocks to watch: Frasers Hospitality Trust, AEM, ARA H-Trust, Mermaid Maritime