Strong start to 2018 with Singapore firms raising US$816.9m in equity capital markets

Singapore

SINGAPORE-based companies have raised US$816.9 million through equity capital markets (ECM) for 2018 to date, the strongest start to a year since 2013, according to Thomson Reuters' preliminary first-quarter review of Singapore ECMs on Friday.

Amounts raised by such companies through initial public offerings (IPO), follow-on and convertible offerings, represent a 32.7 per cent increase in proceeds compared with the same period in 2017, while the number of ECM issuances grew 18.2 per cent from a year ago.