Chart of the Day: Proceeds from equity offerings rise to $7.71b YTD

Thanks to IPO listings in local stock exchanges.

This chart from Thomson Reuters shows the overall Singapore-listed equity offerings made $7.71b (US$5.7b) so far this year, a 39.9% increase in proceeds compared to 2016 as the number of issuances grew 30.0%.

This was mainly driven by initial public offerings (IPO) listings in Singapore stock exchanges that raised $4.33b (US$3.2b) in proceeds so far this year, up 85.7% from 2016.

NetLink NBN Trust’s $2.3b IPO is the biggest IPO listing in the Singapore Exchange (SGX) mainboard so far this year.

In 4Q2017, two REITs IPO were launched: Cromwell European REIT (CEREIT) raised $885.22m (US$654.3m) after reducing the size of its offering, whilst Keppel-KBS US REIT raised $445.65m (US$329.4m) in IPO proceeds.

Coffee shop operator Kimly Ltd’s $43.5m IPO is currently the largest IPO in the SGX Catalist board.