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

Singapore Business Review

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.

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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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