Singapore IPO pipeline looking robust, fuelled by Asia growth and US-China tensions

Singapore

SINGAPORE may be a laggard in attracting blockbuster listings when compared to Hong Kong, but the pipeline for initial public offerings (IPOs) this year looks robust on renewed interest from companies expanding in Asia and US-listed Chinese companies looking for a secondary listing closer to home - but outside China - amidst rising US-China tensions.

Raymond Tong, widely regarded as one of Singapore's top capital markets lawyers, told The Business Times in an interview that he was seeing a healthier pipeline for IPOs this year, compared to last year.