Singapore companies turning to private markets to raise funds
Firms switch from public fund-raising to avoid volatility from factors like Ukraine war, inflation
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Companies here are adopting a wait-and-see approach in public fund-raising deals and are instead turning to private markets to raise funds for now. The move comes as they try to avoid the volatility due to factors such as the Russia-Ukraine crisis, inflation, slowing growth and higher interest rates.
One recent example is Olam Food Ingredients, which has delayed its initial public offering (IPO) in London and Singapore that was originally planned for the second quarter of this year.