SINGAPORE (July 3): The volume of IPO funds raised by end-2017 is expected to surpass 2016 levels with professional services leading the way as the sector with the most funds raised, according to PricewaterhouseCoopers (PwC) Singapore.  

Based on recent data from PwC’s Equity Capital Markets Watch: Singapore H1 2017 report, initial public offerings (IPOs) in Singapore have raised US$329 million ($452.5 million) in the first half of 2017 alone.  

Two professional services IPOs HRnetGroup and shopper360 have notably raised US$132 million combined, which is significantly higher compared to the total of US$26 million registered the year before.

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