Fewer IPOs on SGX, but cautious optimism prevails

Local bourse draws seven new listings in first half, down 30%

Like most stock exchanges around the world, the Singapore Exchange (SGX) saw a slowing in the number of initial public offerings (IPOs) made in the first half of the year, as rising geopolitical tensions and trade risks put dents in confidence.

According to EY Asean and Singapore managing partner Max Loh, SGX attracted seven IPOs in the first six months of the year, down 30 per cent from the same period last year, when there were 10.

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A version of this article appeared in the print edition of The Straits Times on July 06, 2018, with the headline 'Fewer IPOs on SGX, but cautious optimism prevails'. Print Edition | Subscribe