IPO market capitalisation jumped 5-fold in 2010

39 new IPOs expanded the market capitalisation by $51 billion.

According to Singapore Exchange, the total market capitalisation of the Exchange came in at $902 billion.

“The 39 IPOs have further strengthened our listing position as the Asian Gateway. Our sector strengths in maritime and offshore, REITs and property trusts, resources and commodities, resonate well with many companies seeking expansion into Asia. In particular, the number of large listings from Asia and Europe expanded the breadth and depth of our marketplace, and reflects efficiency of our capital market. We will continue to enhance our attractiveness as a capital-raising venue for global companies in Asia,” said Mr Lawrence Wong, Head of Listings, Singapore Exchange.

Some of the high-profile IPOs in 2010 include home-grown airline TigerAirways, leading European offshore designer and shipbuilder - STV OSV Holdings, the world’s largest real estate IPO - Global Logistic Properties, the world’s largest Shari’ah compliant REIT - Sabana Shari’ah REIT, one of the world’s largest palm oil processors - Mewah International, and China’s leading companies such as Xinren Aluminum Holdings and China Minzhong Food. The year also saw the secondary listings of Prudential Plc and Golden Ocean Group adding $29 billion to SGX's market capitalisation.

Secondary capital raising activities continued to be active in 2010 with listed companies raising about $ 6 billion.

As at end 2010, SGX has a total of 782 listed companies of which 321 companies were from overseas, hailing from Greater China, Japan, Korea, Southeast Asia, Australia, India and Europe. These accounted for more than 40% of our listed companies, and about 47% of the capitalisation of the market. 

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