Singapore scored largest global IPO in 1Q 2011

The said IPO is the US$5.5 billion Singapore listing of Hutchison Port Holdings Trust.

According to Ernst & Young, US PE-backed listings drove global IPO activity in the first quarter of 2011, with the NYSE taking the lead among world exchanges for the first time in two years.

In the first three months of the year, global IPO activity saw 290 deals worth US$46.1 billion, down 14% by capital raised, compared to the same period last year.

The last few weeks of the quarter saw choppy stock markets spked by the Japanese disaster and Middle East political unrest, which slowed down the overall pace of global IPO activity, particularly in EMEIA.

The US$5.5 Singapore listing of Hong-Kong based transportation conglomerate, Hutchison Port Holdings Trust, is reflecting an upturn in global trade and container traffic following the global financial crisis.