Reits put Singapore in top spot in S-EA IPO market
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
A TRIO of real estate investment trusts (Reits) helped the Singapore initial public offering (IPO) market to bounce back from a dismal 2015 and capture South-east Asia's largest share of proceeds in 2016, according to a study by Deloitte Singapore.
A total of 16 IPOs have come to market in Singapore so far in 2016, raising S$2.3 billion and adding S$4.4 billion in market capitalisation at listing, according to Deloitte. That represented 36 per cent of the S$6.2 billion raised in South-east Asia, the largest share of IPO proceeds in the region.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
