Robust showing with 26 IPOs raising $6.2b

THIS year has proven to be a robust one for initial public offerings (IPOs), with 26 new offerings so far raising a total of $6.22 billion.

That's 18 per cent more IPOs than the 22 listings last year, and a 28 per cent increase in value compared to the $4.86 billion raised in 2012.

"The abundant liquidity and positive investor sentiment have propelled Singapore's IPO market in the past 12 months. It was a surprise to see a wave of IPO listings in this third quarter following a muted performance in the first two quarters," said Ernest Kan, chief of operations for clients & markets at Deloitte Singapore, which released the data yesterday.

One-third of the proceeds raised this year ($2.04 billion) were driven by 11 IPOs that were completed in the third quarter, which led to the year-to-date listings outperforming the deal fl…