The city ranks seventh in capital-raising activity.
Singapore is ranked seventh amongst the countries that are projected to lead capital raising activites by 2030, according to a report from PwC.
In a survey of nearly 400 executives, 12% believe that the most number of issuers will come from Singapore, a ranking that the city shares with Mexico. This puts the city ahead of Japan (11%), South Africa (9%) and Indonesia (8%).
China nabs the top spot (55%) followed by India (45%). The US, Brazil, and UK round out the top five.
“Companies from the East are expected to dominate the IPO pipeline by 2025. China was predicted by around 80% of respondents to be the home of most new issuers by 2025. India came second in terms of issuers, but third in
terms of capital," the report's authors said.
The report also noted that the Singapore bourse is making headway in improving its attractiveness to issuers as it is forecasted to move up to ninth preferred listing destination by 2030 from the current eleventh place.
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