,Singapore

Singapore equity proceeds skyrocket 145.8% to US$2.3b in Q1

Follow-on offerings, which soared 579.2% offset weakening IPO proceeds.

Singaporean equity and equity-linked (ECM) proceeds in Q1 skyrocketed 145.8% YoY to US$2.3b to mark the strongest start to the year in terms of proceeds since 2013, according to data from Refinitiv.

The strong quarterly gains were driven by the US$1.5b American depository share follow-on offering from game developer Sea Ltd in New York which represents the biggest equity offering from a Singaporean company so far in 2019. The follow-on offerings of Keppel Infrastructure Trust, Wave Life Sciences, Mapletree Industrial Trust and Cromwell European REIT also made it to the top ECM deals for the quarter. 

As a whole, the Q1 proceeds from follow-on offerings soared by a whopping 579.2% YoY to US$2.2b which more than offset sluggish IPO proceeds which plunged 79.5% YoY to US$75.6m.

Also readSingapore IPO proceeds plunge to $730m in 2018

In the ECM underwriting league, Morgan Stanley and Goldman Sachs are tied for first place with a 34.2% market share and US$776.3m in related proceeds. DBS Group Holdings is in third place with US$203.7m in proceeds and 9.0% market share folowed by UBS with a US$85m haul. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.