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Singapore Only Charts 4 IPOs This Yr, Setting 10Yr+ Low
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Only four IPOs were listed in Singapore in the whole year of 2024, setting an over-ten-year low and raising about US$31 million, the Financial Times reported. The number of listed companies in Singapore also dropped from a peak of 782 in 2013 to 617 in October 2024, a reduction of 165 or 21.1%, the lowest since 2004, the report said. This situation is reportedly believed to be due to the general choice of companies to list overseas, and there are many companies delisted. For example, Singapore-based Chinese fast fashion clothing online shopping platform SHEIN intends to be listed in London, with a potential market cap of about GBP50 billion. Another Singapore-based car hailing service platform Grab also lists in the US. AAStocks Financial News |
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