Strong pipeline seen for equity raising despite slow first half

Singapore

EQUITY-BASED fundraising by Singapore-domiciled companies in the first half of 2017 is on track for a 62 per cent slowdown from a year ago, although a robust pipeline is expected to give the next six months a boost.

Just US$1.0 billion of equity capital was raised between Jan 1 and June 22, according to data from Thomson Reuters. Most of those proceeds were from follow-on offerings, which raised US$806.1 million.