Four IPO players trading below 50% due to softer market conditions

More IPOs were completed but lesser proceeds were raised.

IPO proceeds raised in 2022 were $1.12b less than in 2021 despite recording two more IPOs completed on the bourse, online trading provider, IG, said.

The report analysed recent IPO trading including Grab, PropertyGuru, Nio, Ohmyhome, and GoTo Gojek Tokopedia PT Tbk.

IG said the lack of REIT listings completed in 2022 was to blame for the IPO proceeds drop.

"However, excluding the listing of the REITs in 2021, the total proceeds raised in 2022 increased year-on-year to S$0.58 billion from S$0.37 billion," read the report.

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