SPACs and Reits could be bright spots for local IPO activity in 2022, but risks remain
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THE Singapore Exchange (SGX) turned in a relatively flat performance year on year in terms of initial public offering (IPO) activity in 2021, with factors including Covid-19 continuing to influence listing activity.
Market watchers The Business Times spoke to were optimistic of local equity capital market prospects for this year. The inclusion of special purpose acquisition companies (SPACs) into the local asset class mix is one potential driver of activity. Meanwhile, Singapore's strength in real estate investment trust (Reits) should also continue to deliver listings.
The level of activity, however, remains dependent on overall market sentiment and the trajectory of Covid-19.
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