NetLink Trust leads the way as Southeast Asia IPOs raise $10.4 bil so far this year

SINGAPORE (Nov 23): Capital markets across Southeast Asia have raised a total of $10.4 billion in 144 initial public offerings (IPOs) in the year up to mid-November – the highest amount raised in the region since 2014.

Mainboard-listed Netlink NBN Trust leads the way, with some $2.45 billion raised in its IPO on the Singapore Exchange (SGX) in July – more than double of the second-highest amount raised in the region.

Malaysia’s Lotte Chemical Titan Holding ranked second with some $1.2 billion raised in its IPO on Bursa Malaysia in July.

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