Singapore firms tap US$4.9b from equity markets year to date

Singapore

SINGAPORE companies have raised US$4.9 billion in equity capital markets (ECMs) so far this year, a 30.1 per cent decline in proceeds compared to 2017, according to findings in Refinitiv's Singapore ECM Q4 2018 preliminary review.

For the fourth quarter up to Dec 11, ECM activity in Singapore amounted to US$745.5 million, a 15.4 per cent decrease from the preceding quarter and down 79.1 per cent in proceeds compared to the year-ago period.