Singapore's initial public offering market is expected to start active in the second quarter and accelerate in the second half of the year. The annual new stock listing target is double-digit numbers, that is, at least 10, and companies in the new economy are expected to be listed.

Pol de Win, head of the Global Business Initiative and Development Department of the Singapore Exchange, said in an interview with the media on Friday (February 28) that the next IPO pipeline is booming, “absolutely much more than in the previous three years.”

When asked later, he said that the goal this year is to win a double-digit IPO, which means at least 10.

Baodesheng revealed that the companies planning to go public come from a wide range of industries, including the new economy, which will significantly increase its importance to the economy in the next five years.

The new economic fields include technology, e-commerce, artificial intelligence, etc.

Further reading

SGX reported a “big earthquake” in senior management, involving IPO and compliance business departments

SGX reported a

SGX's revenue and net profit hit a new high in half a year, which is expected to increase the number of publicly sold shares this year

SGX's revenue and net profit hit a new high in half a year, which is expected to increase the number of publicly sold shares this year

Bao Desheng said that the first quarter was generally a period of relatively quiet IPOs, and the company was preparing financial reports, the second quarter was expected to be more active, and the second half of the year would be “very busy”.

Faced with competition from regional exchanges, Potex believes that SGX is in an excellent position, and for large companies with regional businesses in multiple markets, Singapore can provide some unique advantages such as access to global investors and better visibility.

The IPO market has become quiet in the past three years, and the Singapore market has fallen into a trough, with only four companies listed last year.

Baodesheng pointed out that the macroeconomic environment prompts shareholders of companies that have been invested in private for a long time to recover funds, and companies also need capital to support development.

He said the U.S. market is an important weather vane, and there are more IPOs in the United States, which has a good impact on other markets, including Asia and Singapore. The SGX will work closely with the US exchange to introduce companies willing to come to the second listing.

As for the 5 billion yuan securities market development plan (EQDP) announced last week, Huang Yaolong, head of the stock department of the SGX, said that the market mainly focuses on whether the 5 billion yuan is enough, but the focus should be on how to deploy the funds.

First of all, this is an active management fund manager, investing in companies that deserve this growth capital. Secondly, this funding should focus on companies outside the Straits Times Index. Third, this 5 billion yuan will bring in more private market funds.

He said that it is understood that investors in the market are already discussing how to discover these potential small and medium-sized market-value companies before the 5 billion yuan of funds enter the market. “This is a good thing, which means they will invest their energy to discover companies worth investing in.”