SGX to maintain its niche in IPO market: PwC

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".