The Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP) certainly has succeeded in juicing up the local bourse and attracting new companies to SGX.
The Singapore IPO market is stirring again. But there’s a problem: investors aren’t making much money from the new listings.
After years of drought, the Singapore Exchange (SGX) is seeing a fresh batch of new listings. So far this year, the market has welcomed five IPOs and a secondary listing. In the first six months of 2025, only one company, Vin’s Holdings, made its trading debut on SGX.

