Singapore’s equity capital markets down 62% in 1H17 proceeds: Thomson Reuters

SINGAPORE (June 22): Singapore-domiciled companies tapping the equity capital markets (ECM) have booked a total of US$1 billion ($1.4 billion) this year, declining 62.3% compared to US$2.8 billion in 1H16, according to the latest Thomson Reuters data.

This comes despite an increase in number of ECM issuance to 23 compared to 22 in the previous year, says the mass media and information firm in its 1H17 preliminary review on Singapore equity capital markets.   

Follow-on offerings accounted for the majority (76.8%) of the equity capital raisings with 15 issues totalling to US$806.1 million in proceeds, up 102.7% from the comparative period last year which saw US$397.7 million across 11 issues in the comparative period last year.

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