Sizeable mainboard listings expected on SGX in H2: Deloitte

Singapore

THE next six months could see "sizeable" new listings on the Singapore Exchange's mainboard, subject to market vagaries, led by a flurry of domestic and cross-border initial public offerings (IPOs) particularly in the service-based sectors, said an expert.

Furthermore, businesses seeking to list on the Hong Kong Stock Exchange (HKEx) may instead pick Singapore given the "reality of factors" such as the recent high rejection rates, lower subscription rate for IPOs and increasing professional fees in Hong Kong, said Tay Hwee Ling, global IFRS (International Financial Reporting Standards) and offerings services leader at Deloitte South-east Asia and Singapore.