Real estate sector dominates Singapore's equity market

Real estate firms raised $4.71b YTD.

The equity capital markets (ECM) issuance from Singapore’s real estate sector accounted for the majority of the nation’s ECM activity in terms of proceeds with 50.2% market share and raised $4.71b (US$3.5b), up 8.2% from over a year ago.

According to Thomson Reuters data, the high technology sector followed behind in second place with a 25.1% market share and a total of $2.29b (US$1.7b) in proceeds.

Media & entertainment also grew significantly with $1.35b (US$1b) ECM proceeds, capturing 15.2% market share.

Meanwhile, the underwriting fees for equity deals issued by Singapore-owned companies totalled $215.79m (US$160.2m), up 105.6% compared to last year.

DBS Group took the top spot for fee rankings for Singapore equity issuance with $47.01m (US$34.9m) in estimated fee revenue, which accounted for 21.8% of the wallet share so far this year.

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