Equity capital markets off to slow start, down 54.2% YoY

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pstrongOf the total proceeds raised in 1Q24, US$458.95m were via follow-on offerings./strong/p pSingapore’s equity capital markets (ECM) had a sluggish start to the year, raising 54.2% YoY lower proceeds, totalling US$490.4m./p pOf the total proceeds raised in 1Q24, US$458.95m (-40.1% YoY) were via follow-on offerings.

Singapore’s equity capital markets had a sluggish start to the year, raising 54.2% YoY lower proceeds, totalling US$490.4m.The remaining US$31.45m were from two IPOs issued by the Singapore Institute of Advanced Medicine in a Catalist listing and Ryde Group in a New York listing .

Singapore Institute of Advanced Medicine’s listing was the biggest Singaporean-issued IPO so far in 2024, according to the London Stock Exchange Group . By sector, the largest contributor to Singapore’s ECM was the real estate sector, raising US$238.2m in proceeds and accounting for 48.6% of the market share. The real estate sector’s proceeds for the period, however, were down 13.0% compared to 1Q23....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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Financials sector dominates Singapore bond offeringspstrongThe sector raised US$3.5b in 1Q24./strong/p pSingapore-domiciled issuers raised US$6.7b from primary bond offerings in 1Q24, translating to a 6.9% YoY decline./p pThe financials sector was the largest contributor to the debt capital markets in 1Q24, with US$3.5b (-28.6 % YoY) proceeds raised, capturing a 52.0% market share.
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