Chart of the Week: ECM issuance by local companies down 22% in 2020 YTD

Uploaded By:  Frances Gagua Submitted By:  Staff Reporter Case Study:  No IPOs by Singaporean companies shrunk 67.1% during the first nine months of the year. This chart from Refinitiv shows that equity and equity-linked (ECM) issuance by Singaporean companies has totaled about $6.65b (US$4.9b) so far in 2020, a 22% decline from the first nine months of 2019. Follow-on offerings fell 23.2% YoY from the comparative period last year, reaching $4.2b (US$3.1b) in proceeds for the first nine months of 2020. read more