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SG IPO market slows down, raises $337m in proceeds in H1

SG IPO market slows down, raises $337m in proceeds in H1 Lucia DeGuzman Body There were only three initial public offerings in Singapore in the first six months of 2021. Singapore’s initial public offering (IPO) market saw a slowdown in the first half of 2021, with proceeds totalling $337m. Market capitalisation for the three IPOs in the first half stood at $1.11b. Two of the three IPOs conducted in the first half of the year were listed on Catalist, raising a total of $23m, whilst the one mainboard listing raised $314m. In its mid-year review, Deloitte said that there is a trend in the Singapore IPO market where the first half is much slower than the second.

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