pemSoutheast Asia only saw 38 new listings in Q1./em/p pSingapore’s IPO market is off to a slow start to 2024 with only one public listing on the local bourse in the first quarter, mirroring the overall lukewarm activity recorded across Southeast Asia.
Singapore’s IPO market is off to a slow start to 2024 with only one public listing on the local bourse in the first quarter, mirroring the overall lukewarm activity recorded across Southeast Asia.
Singapore Institute of Advanced Medicine Holdings, which focuses on diagnostics and treatments including cancer, raised $26.2m via its IPO launch on the Singapore Exchange in February. Overall, 38 IPOs raised $1b across Southeast Asia in the first quarter, lower than the 51 deals raising $1.4b seen in the same period last year.
“This challenging economic environment has prompted companies in the region to recalibrate their strategies, placing a heightened emphasis on achieving profitability,” Chan said. “As inflationary pressures begin to subside, the anticipated reduction in interest rates is likely to create a more favorable climate for IPOs.”
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore Remains Top Start-up Investment Destination in Southeast AsiaDespite a downturn in funding, Singapore accounted for 63.7% of all equity deals in Southeast Asia in 2023, making it the top start-up investment destination in the region. The report also highlighted the growth of Singapore's deep-tech start-up ecosystem, with a 31.4% increase in deals compared to the previous year.
Read more »
Singapore leads Southeast Asia in property investments with hefty 77% shareInvestor interest has shifted towards the retail sector in Singapore, surpassing office investments for the first time in a decade.
Read more »
Singapore has most high-growth companies among rival cities in Asia-PacificPraising the little red dot's neutral stance in US-China tensions, one businessman called Singapore 'the Switzerland of Asia.'
Read more »
Singapore restaurants Lolla and Seroja debut on Asia’s 50 Best listLolla came in at No. 43 and Seroja at No. 31, joining seven other Singapore restaurants on the list.
Read more »
Singapore leads Southeast Asia in financial management interestpstrongIt was driven by rising per capita income and a growing wealthy demographic./strong/p pSingapore leads Southeast Asia in interest in personal finance management, with a significant indicator of 9.8%, according to an analysis by UnaFinancial.
Read more »
Commentary: China’s homegrown COMAC jet has its eye on Southeast Asia after Singapore debutThe COMAC C919 stole the limelight at the Singapore Airshow and went on a demonstration tour of Southeast Asia, but it will still be a hard sell outside of China for now, says Endau Analytics’ Shukor Yusof.
Read more »