Steady IPO flow on SGX in 2020 despite global uncertainties

Year also saw a sharp drop in Singapore companies listing on Hong Kong exchange

The Singapore Exchange attracted 11 initial public offerings last year despite the coronavirus-induced uncertainty and market volatility, according to a report by PwC Singapore. For last year, the combined proceeds of Singapore IPOs eased to $1.4 bil
The Singapore Exchange attracted 11 initial public offerings last year despite the coronavirus-induced uncertainty and market volatility, according to a report by PwC Singapore. For last year, the combined proceeds of Singapore IPOs eased to $1.4 billion from $3.1 billion in 2019, said the PwC report.ST PHOTO: LIM YAOHUI

In a year ravaged by a recession and wild swings in financial markets, the Singapore Exchange (SGX) managed to bring in as many new companies to list here as in 2019.

The bourse attracted 11 initial public offerings (IPOs) last year despite the coronavirus-induced uncertainty and market volatility, according to a report by PwC Singapore.

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A version of this article appeared in the print edition of The Straits Times on January 11, 2021, with the headline 'Steady IPO flow on SGX in 2020 despite global uncertainties'. Subscribe