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Singapore IPOs return with $1.2b raised in Q1

The city-state ranks in the global top 10 for IPO proceeds.

Singapore recorded three initial public offerings (IPOs), raising $1.2b (US$967.1m) in the first quarter of 2026, compared with zero listings in the same period last year.

The city-state was one of only two active exchanges in Southeast Asia during the quarter, alongside Malaysia, according to an EY report.

Singapore ranked amongst the top 10 globally for IPO proceeds, indicating continued investor participation in larger offerings.

IPO proceeds were supported by a major real estate investment trust listing on the Singapore Exchange.

Across Southeast Asia, IPO volume fell 48% year-on-year, whilst proceeds rose 174%, with a total of 14 IPOs raising $2.3b (US$1.8b).

Geopolitical tensions, energy price volatility and tariff uncertainties may continue to influence listing activity and investor appetite in the coming quarters, said Chan Yew Kiang, EY Asean IPO Leader.

“Hence, early preparation by the issuer will determine the success of the IPO,” Chan added.

$1 = US$0.78

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