S’pore draws just one IPO, Malaysia leads South-east Asia listings in first half of 2024

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The Straits Times 3d ago

S’pore draws just one IPO, Malaysia leads South-east Asia listings in first half of 2024 - The Straits Times

Quick Summary:

Singapore Institute of Advanced Medicine's US$20m is the smallest amount from an IPO in the region this year.

These include Haidilao hotpot operator Super Hi International Holding, which made its debut on the Nasdaq in May, while ride-hailing app Ryde Group went public on the New York Stock Exchange in March.

Still, Prime Minister Lawrence Wong noted in replies to parliamentary questions on May 8 that firms are staying private for longer given higher interest rates, and those that choose to go public tend to gravitate to the US due to its deep and liquid capital markets and investor base.