Catalist-listed firms raise record-breaking $284.7m in 2014

There were 15 IPOs on the Catalist this year.

In spite of the muted Singapore IPO market, Catalist-listed firms rallied with 15 IPOs so far this year with a market capitalisation of $1.36billion, data from Deloitte revealed today.

This marks a record year for Catalist fund raising, which hit $284.67m this year. The Catalist board was launched in 2007.

“The 2014 Singapore IPO market is set to close on a muted note unlike previous stellar years. Despite a less bullish market this year, equity fund-raising efforts have held up well with 24 IPO listings. Two-thirds of these posted gains over the offer price on their first day of trading,” noted Deloitte.

The strength of the Catalist board remains strong this year with 15 Catalist IPOs of $1.36 billion in market cap, marking a record year for Catalist fund raising(S$284.67m) since its launch.