Six IPOs this year, most trading below issue price: What this means for Singapore's market reforms
Singapore's recent IPOs have largely underperformed, with most trading below their issue price. Analysts suggest this reflects broader market liquidity issues and a global investor preference for AI stocks rather than a failure of local market reforms.
Why it matters
The performance of these IPOs is a critical indicator of the health of Singapore's financial hub status and its ongoing efforts to attract global capital.
Analysts say the underwhelming showing reflects thin liquidity and a global tilt towards AI stocks more than a failure of Singapore's push to revive its equity market.
The SGX building in Shenton Way. (File photo: CNA/Jeremy Long)
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