Singapore bucks waning IPO activity in Asia

Singapore Exchange ranked among the word's top 12 exchanges by capital raised.

According to Ernst & Young, Asian markets accounted for 76% of global IPO funds raised in Q3 2012, with 102 deals raising US$18.3b compared to 119 deals which raised US$15.8b in Q2 2012. Greater China alone accounted for 35% of deal numbers and 25% by capital raised (58 deals, raising a total of US$6.0b).

Compared to the same period last year, Asian exchanges increased their capital raised quarter-on-quarter, but the number of deals declined (136 deals which raised US$13.4b altogether).

Max Loh, Country Managing Partner at Ernst & Young LLP comments: “Although activity in China and Hong Kong was down in the quarter in line with the overall decline in economic growth, some markets like Malaysia and Singapore are very active, and some sectors, including mining, industrials and health care, are pursuing IPOs. The general consensus is that Asia-Pacific is performing better than last year with confidence due to some exceptionally large deals.”

Out of the top 10 global IPOs this quarter, six were listed on Asian stock exchanges. The largest Asian IPOs this quarter were the US$8.5b listing of Japan Airlines Co Ltd on Tokyo Stock Exchange, Malaysia’s IHH Healthcare Bhd which is dual-listed on Singapore Exchange and Bursa Malaysia (US$2.1b) and China’s Inner Mognolia Yitai Coal Co Ltd on Hong Kong Stock Exchange (US$0.9b).

“Asia has over 200 companies in the IPO registration pipeline – accounting for more than half of global IPO pipeline. As companies and investors wait for markets to improve, we could expect an uptick in activity in the last quarter of 2012,” says Max.

Singapore’s exchanges performed well in Q3 2012. The Singapore Exchange ranked among the top 12 exchanges by capital raised, with three deals raising US$913m, compared with US$349m from four deals in the last quarter.

“Of this, a number of IPOs pertain to REITs and business trusts, which underscores the strength, returns and performance of such IPOs in Singapore,” adds Max. Catalist, with four deals raising US$20.5m, came up among the top 12 exchanges by deal volume.

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

30 One-Sentence Stories From People Who Have Built Better Habits

None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.

news conversion

SBR 5 Lorem Ipsum News 2 [8 May]

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

SBR 4 Lorem Ipsum [8 May Top Stories]