Singapore’s snares its largest Reit IPO in a decade while HK looks to another bumper year driven by China companies
SGX serves as a ‘doorway’ to South-east Asia; HKEX attracts China companies raising funds outside the mainland amid tensions with the US
[SINGAPORE] The past week has seen good news for the Singapore Exchange (SGX), with NTT filing to list a Reit - likely to Singapore’s largest in a decade - and software company Info-Tech Systems debuting this week the first mainboard listing in two years.
While SGX’s initial public offering (IPO) fortunes may be looking up, it’s still a long way off from that of the Hong Kong Exchanges and Clearing (HKEX), which with a new chief executive at the helm is likely to see another bumper year of listings.
Hong Kong IPO boom
Some 40 IPOs are expected in Hong Kong in the first half of this year, based on publicly available information as at Jun 11. These offerings are projected to raise HK$108.7 billion (S$17.7 billion).
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