Chart of the Day: Singapore-listed equity raising in H1 jumped 208.6% to $4.33b

It was bolstered by follow-on offerings with proceeds worth $3.79b.

This chart from Thomson Reuters' latest report shows that Singapore-listed equity offerings totalled $4.33b (US$3.2b) so far this year, 208.6% higher compared to the first half of 2017. This marked the strongest first half period since 2013.

Equity offerings are comprised of initial public offerings (IPO) and follow-on offerings. The boost was driven by follow-on offerings that raised $3.79b (US$2.8b) in proceeds so far this year, up 291.6% from a year ago.

IPO listings raised $524.23m (US$387.4m), up 20.8% from the first half of 2017. Real Estate accounted for 64.8% of the market share, followed by 31% from Media & Entertainment.

South Korean messaging app operator Kakao Corp raised US$1b from the sale of global depository receipts. This is followed by Frasers Logistics Trust's (FLT) US$355.9m preferential offering and Sasseur REIT’s US$300.7m IPO, the biggest IPO listing in the Singapore Exchange so far this year.

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