SGX to maintain its niche in IPO market: PwC
Its strength lies in Reits and mineral, oil and gas listings
THE Singapore Exchange (SGX) continues to maintain a niche position in South-east Asia, with its traditional strength in real estate investment trusts (Reits) and mineral, oil and gas (MOG) listings, audit firm PwC said in a report.
PwC was reviewing global initial public offering (IPO) performance for the first half of the year. In Singapore, IPOs have been relatively slow going in the first half of the year. But analysts are expecting a pick-up in activity in the second half, which could contribute to better earnings for the exchange.
PwC's head of capital markets, Tham Tuck Seng, said that SGX remains relevant as it is "backed by strong governance and a progressive and transparent regulatory regime".
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Meta will let advertisers create campaigns using new generative AI tools
Match posts sixth straight decline in Tinder users; shares fall
Reddit gains after strong sales in first report since IPO
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares