According to EY’s quarterly global IPO trends report published Thursday, SGX is currently leading the Southeast Asian region in terms of IPO proceeds so far this year.
SINGAPORE (June 27): The Singapore Exchange (SGX) ranked 10th among exchanges around the world in terms of initial public offering (IPO) proceeds for 2Q19, thanks to sizeable IPOs by two real estate investment trusts.
During the quarter, ARA US Hospitality Trust (ARAUS) and Eagle Hospitality Trust (EHT) led the way for SGX with IPOs that raised gross proceeds of US$498 million ($679 million) and US$453 million, respectively.
