Reits put Singapore in top spot in S-EA IPO market

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.