Recent market volatility unlikely to derail IPO gravy train

Singapore

THE market volatility of the past two months is unlikely to put pause to the favourable initial public offering (IPO) outlook for the Singapore Exchange this year, with investment bankers seeing companies from the healthcare, food and beverage, infrastructure and Reits sectors in the pipeline.

Besides the resilient nature of these businesses, the rosy outlook for the global economy would support equity markets, they say.

UBS head of investment banking Choo Oi Yee believes the IPO gravy train would not be affected by recent market volatility, as business fundamentals and earnings remain strong.

Concurring, DBS head of capital markets Tan Jeh Wuan noted that recent market movements have take…