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Singapore IPO market to pick up later this year: PwC

Published on Jul 16, 2014 6:29 PM
An office worker walks past a logo of the Singapore Stock Exchange (SGX) outside its premises in the financial district of Singapore in this file photo taken on April 23, 2014.-- PHOTO: REUTERS

SINGAPORE - The total amount of money raised via public floats worldwide hit a record high in the first half this year, but that did not spill over into Singapore.

The Singapore Exchange (SGX) saw few initial public offerings (IPOs) in the first six months, which included two real estate investment trusts (reits) and two marine and energy firms, consultancy PricewaterhouseCoopers (PwC) said in a report on Wednesday.

It added that more firms such as Frasers Hospitality Trust, Accordia Golf Trust and the First Sponsor Group are expected to debut in Singapore in the second half.

About US$125.4 billion was raised via IPOs in total over the six months to June 30 this year, which was the largest amount since the second half of 2010, PwC said.

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