Singapore firms tap US$4.9b from equity markets year to date
Proceeds down 30% from 2017, according to Refinitiv's Singapore ECM Q4 2018 preliminary review
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.
From Jan 1 to Dec 11, initial public offerings (IPO) by Singapore companies in both domestic and foreign equity markets raised US$689.8 million, down 83.9 per cent compared to last year. This is the lowe…
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