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Chart of the Day: Domestic IPO issuance to crash 64.5% in 2015
It won't even reach the $1b mark.
2015 will be an extremely lacklustre year for Singapore’s IPO market, according to a report by Baker&McKenzie.
The report said that domestic IPO issuance is projected to fall 64.5% year-on-year from US$2.1 billion in 2014 to US$745.5 million in 2015, before peaking at US$3.2 billion in 2018.
“Sluggish world trade volumes and China’s economic slowdown is restraining Singapore’s growth. However, we expect world trade activity to improve in 2016, which along with increased government spending on infrastructure, should boost overall GDP growth in 2016,” said the report.
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