Southeast Asia IPO activity ‘bright' amidst market risks

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No Singapore raised US$852m in proceeds from eight IPO deals. Total initial public offering (IPO) activities in Southeast Asia for almost 11 months this year raised US$6.44b from 100 IPOs despite a host of uncertainties. Amidst the decrease of the number of IPOs by 38% from 2019 and of the IPO proceeds by 12% from US$7.34b, the total IPO market capitalisation this year inched up 3% to US$25.96b. Singapore saw its largest homegrown listing through Nanofilm Technologies, which raised US$345m on the Singapore Exchange (SGX) Mainboard. read more