The Business Times
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HOCK LOCK SIEW

Singapore’s market is on the mend, but deeper issues remain

While a higher listing count may pad headline numbers, it does not guarantee deeper liquidity, stronger investor interest, or meaningful capital formation

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Navene Elangovan

Navene Elangovan

Published Wed, Jul 23, 2025 · 07:00 AM
    • Several IPOs in the pipeline for SGX are spin-offs from a listed issuer.
    • Several IPOs in the pipeline for SGX are spin-offs from a listed issuer. PHOTO: BT FILE

    [SINGAPORE] After a sluggish start to 2025, the Singapore Exchange (SGX) is finally showing signs of life.

    Info-Tech Systems made its mainboard debut on Jul 4.

    NTT DC Reit – the largest real estate investment trust (Reit) initial public offering (IPO) in a decade – followed 10 days later, while China Medical System came in as a secondary listing on Jul 15.

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