122 views

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.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...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.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!