, Singapore

SGX struggles to secure new listings amid severe IPO dearth

Equity offerings declined 76.1% in Q1.

The local bourse is struggling to acquire new board listings in the first quarter. Data from Thomson Reuters showed that Singapore-listed equity offerings--made up of both initial public offerings and secondary offerings--totaled US$175.6 million so far this year, a 76.1% decline from the first quarter of last year.

There were only seven equity listings in the first quarter, down from 11 in Q1 2014 and 30 in Q1 2013.

“Volatile market conditions have led to a scarcity in initial public offerings in Singapore stock exchanges so far this year from both local and foreign issuers. Meanwhile, follow-on offerings totaled US$175.6 million, a 53.8% from the comparative period last year, and the lowest start to a year since 2008 (US$151.9 million),” stated the report. 

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