Singapore’s IPO volume in its lowest level since 2009

Guess which sector regained its top spot in the lineup of Singapore equity listings with proceeds of US$866 million?

According to Thomson Reuters, Singapore's IPO volume at the half-year point is at its lowest level since 2009. Secondary offerings have also declined by 52%, as investors remain very cautious over the overall macro environment.

Here’s more from Thomson Reuters:

The Financials sector regains top spot in the lineup of Singapore equity listings so far, with proceeds of US$866 million, a marked decline of 33% from this time last year. Industrials also captured 19% market share with equity values totaling US$854 million to date.

According to estimates from Thomson Reuters / Freeman Consulting Co. underwriting fees for equity deals issued by companies domiciled in Singapore totaled US$37.3 million so far this year, a 44% decline from the comparable period in 2011. UBS leads the fee rankings for Singapore with US$8.2 million in fee revenue, gaining 18.9 share points and accounting for 22% wallet share this year.

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