S'pore trails in Asia-Pacific's first-quarter IPO bonanza

SGX did well last year, attracting 11 new listings with proceeds totalling $1.4 billion.
SGX did well last year, attracting 11 new listings with proceeds totalling $1.4 billion.PHOTO: ST FILE

SINGAPORE - In a quarter that the Asia-Pacific region recorded the highest initial public offering (IPO) proceeds in 20 years, Singapore saw just one new listing, according to data in an Ernst & Young (EY) report.

Exchanges in the region listed a combined 200 IPOs to raise US$34.3 billion (S$46 billion) in the January-March period, the report based on data from EY and Dealogic showed. It excludes special purpose acquisition company (Spac) IPOs.

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