More Singapore companies charmed by US listing, but post-IPO trail not a pretty sight
The majority are trading below their initial listing prices, with the largest loss nearing 90%
Add BT as a preferred source
[SINGAPORE] Interest in listing on US exchanges has surged among Singapore companies, with 13 initial public offerings (IPO) in H1 2025, nearly thrice the number over the same period last year.
Yet, nine out of the 13 companies saw their share prices dipping below their initial listing prices, including one that has fallen by nearly 90 per cent.
Looking at Nasdaq’s IPO calendar, The Business Times counted 13 Singapore-based companies that launched their IPOs in the US in the first six months of this year. This was almost treble the five listings in H1 2024.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
