, Singapore
131 views
Photo by Zhu Hongzhi on Unsplash

IPO proceeds fall 97% YoY in 2022: EY

Proceeds fell despite no change in the number of IPOs.

Despite having the same number of IPOs in 2022 at eight, Singapore was unable to hit proceeds of above US$0.1b.

According to data from EY, the Lion City's IPO proceeds in 2022 dropped 97% YoY from 2021, when it raised US$1.3b from eight listings.

Whilst having lower proceeds, Singapore remained to be amongst the top destinations for Special Purpose Acquisition Company (SPAC) IPOs in Asia-Pacific, ranking third.

Singapore had three SPAC three listings and raised US$345m of proceeds.
 

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!