SINGAPORE'S reign as the premier destination for initial public offerings (IPOs) in South-east Asia may be coming to an end.
Singapore's stock exchange had the smallest haul of new share sales among the region's four largest stock markets in 2015. Listings this year on South-east Asia's biggest bourse have totalled US$34 million, lagging Thailand and Malaysia.
Singapore's slide down the IPO rankings reflects not so much its own failings, but the growing ability of rivals from Jakarta to Bangkok to convince local issuers to stay at home instead of flocking to the regional hub.
Indonesia, which has South-east Asia's biggest population and largest economy, plans to start an exchange dedicated...