COTD: Singapore drives global cross-border IPO boom

Together with Greater China, the two Asia-Pacific regions represented 74% of all global international listings.

Cross-border initial public offering activity reached record highs in the first half of 2025, accounting for 14% of total global deals, with Singapore emerging as a dominant source (93%), according to an EY report.

Together with Greater China, the two Asia-Pacific regions represented 74% of all global international listings in H1 2025, choosing to list on United States exchanges.

Becoming the overwhelming destination of choice, the US remains attractive for the technology, life sciences and financials sectors, especially those leveraging artificial intelligence and digital platforms.

A notable shift also emerged as the consumer sector, particularly retail, has steadily overtaken technology as the primary driver.