Pickup in Singapore IPO listings despite slower growth prospects
Higher number of new listings in first half of 2022 compared with whole of last year
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The local stock exchange saw a higher number of new listings in the first half of the year compared with the whole of last year. This signals returning interest in Singapore as an avenue for equity fund raising that could continue for the rest of the year despite dimmer growth prospects, analysts said.
The Singapore Exchange (SGX) saw a total of 10 initial public offerings (IPOs) which raised $572 million in proceeds in the first half of the year, according to data provided by professional services firm PwC. In comparison, there were eight new listings in 2021, raising $1.7 billion.
