On the Mainboard, there were no listings in 2019 except for real estate investment trusts (REITs) and one business trust. This compares to two and three non-REIT and non-trust Mainboard listings in 2018 and 2017, respectively, which raised $134 million and $298 million.
SINGAPORE (Jan 10): Singapore’s IPO performance improved significantly in 2019 in terms of the total funds raised. A total amount of $3.1 billion was raised during the year, which was more than fourfold the $730 million raised in 2018. However, other statistics are painting a worrying picture, which may suggest that Singapore’s attractiveness as a listing destination is staying muted.
Last year, the total number of IPOs fell to 11 from 15 in the year before. Of the 11 IPOs, seven are listings on the Catalist board of the Singapore Exchange (SGX), raising a total of just $59 million. This compares to 12 and 13 Catalist listings in 2018 and 2017, respectively, with total IPO amounts raised of $174 million and $273 million.
