Favourable regulations and stable rates to drive Singapore's IPO growth
Due to the city’s strong framework and reliable income-generating market.
Singapore’s IPO market is expected to grow robustly in 2025, particularly in the real investment estate trust (REIT) sector, amidst favourable regulatory initiatives and stabilising economic conditions.
In its commentary, Deloitte said the city-state is attracting more interest in REITs as global interest rates stabilise, with investors drawn to its strong framework and reliable, income-generating market.
“With these favourable conditions and regulatory support, Singapore’s IPO market, especially in the REIT sector, is expected to grow strongly in 2025,” it stated, citing the Monetary Authority of Singapore’s efforts to improve the IPO process and make it easier and more appealing for companies to list.
Singapore had four Catalist IPOs raising US$34m in the first 10.5 months of 2024 and two secondary listings from Hong Kong, spanning industries like consumer, industrial products, and life sciences.
In the same period, Southeast Asia recorded 122 IPOs, raising US$3b—the lowest in nine years, down from US$5.8b across 163 IPOs in 2023 due to fewer blockbuster listings.
Despite global economic and political challenges, Malaysia emerged as a regional leader, topping all key metrics: number of IPOs, total funds raised, and market capitalisation.
The consumer and energy and resources industries dominated, accounting for 52% of IPOs and 64% of funds raised.