An interesting piece by Lianhe Zaobao today looks at the pickup in Singapore’s IPO activity, even as competition among regional exchanges continues to heat up.
One detail stood out to me.
Around 50 companies are currently engaging SGX or at various stages of preparing to list.
That certainly gives us something to look forward to. 😊
My take is fairly simple.
Based on the stronger first half and the pipeline ahead, I think there is a reasonable chance that the number of Singapore listings this year could surpass last year.
But there is another number I would watch: how much money they actually raise.
Around 90% of last year’s IPO proceeds came from just three large listings. So even if we get more IPOs this year, whether total fundraising surpasses last year may still depend on one or two sizeable listings coming through in the final quarter.
More IPOs would certainly be encouraging.
But more listings do not necessarily mean more money raised. Sometimes, one or two sizeable IPOs can make a much bigger difference to the overall picture.
Perhaps that is the more interesting number to watch as we head into the final quarter.
Thank you Lianhe Zaobao Business Journalist Tobby Siew (财经新闻记者 萧维旸) for putting together the piece and for the thoughtful coverage of Singapore’s evolving IPO landscape. 🙏
https://www.zaobao.com.sg/finance/singapore/story20260911-9627136
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亚太区IPO竞争加剧 新交所与分析:今年上市宗数仍有望超越去年新加坡交易所近期正积极透过各项措施,促进上市活动,却同时面临香港、马来西亚在内的亚太区域股市的更激烈竞争。 WWW.ZAOBAO.COM.SG |