Singapore-listed equity offerings up 84% to $5.92M in 2016

IPO activity bounced after a lacklustre 2015.

The year 2016 showed signs of life in terms of equity listings in Singapore’s stock exchanges, a report by Thomson Reuters said. So far, Singapore-listed equity offerings (combined IPO and follow-on offerings listed in Singapore’s stock exchanges) totaled US$4.1 billion, a 84.0% increase in proceeds after a slow year in 2015.

The 84% is composed of IPO proceeds amounting to 40.9% of the market share and follow-on offerings listed in the city, representing 59.2% market share.

The top IPO this year was Frasers Logistics and Industrial Trust (USD951.3M) in the SGX Mainboard, the biggest since 2013.

Thomson Reuters adds that SGX Mainboard also witnessed an IPO listing from China this year, China Jinjiang Environment’s US$146.1 million IPO. Meanwhile, ten companies headed for the SGX Catalist board and raised a total of US$71.1 million so far this year.
 

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