Industrials led Singapore's cross-border IPOs in H1

They had a market share of 39% and total proceeds of US$36m.

Singapore’s industrial firms led the growth of cross-border initial public offerings (IPO) in the first half of 2018 as they raised a total of US$36m, translating to a market share of 39%, Baker McKenzie said.

With a growing number of Singapore companies choosing to list abroad, the number of cross-border listings ballooned by 300% in terms of volume and 166% in terms of value compared to the 64% increase in domestic capital raising.

According to a report, two industrial firms made it to the list of the five largest cross-border IPOs. HPC Holdings made it top of the list when it raised US$22.42m and listed in Hong Kong. Hike Holdings was the third largest IPO with US$14.01m proceeds raised in Hong Kong.

Real estate firms followed industrials as proceeds totalled US$20m and accounted for 22% of the market. The Hong Kong IPO of real estate firm ZACD Group was the second largest in H1 with proceeds of US$20.45m.

Materials firms followed suit with proceeds of US$15m and 16% market share. Materials firm IAG Holdings was the fifth largest cross-border IPO in H1 and raised US$8.32m in Hong Kong.

Telco firms were able to capture 10% of the cross-border IPO market with US$9m, led by the Hong Kong IPO of ISP Global for US$8.95m.

Firms in the retail and consumer products & services sectors ate up 9% and 5% of the market with proceeds of US$8m and US$4m respectively.

Also Read

SG emerges as the world’s leading source of capital investment

DPM Lawrence Wong named deputy chairman of GIC

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!

I want to download the media kit