Chart of the day: Equity offerings hit 5-year high at US$1.5b

This was driven by follow-on offerings which soared 133.4% to US$1.2b.

This chart from Thomson Reuters shows that Singapore-listed equity offerings surged by 134.8% to US$1.5b so far this year, marking the strongest start to a year since 2013.

According to a report, this was driven by follow-on offerings in Singapore stock exchanges that raised US$1.2b in proceeds, up 133.4% from a year ago. Initial public offerings (IPO) listings raised US$315.6m, up 140.7% from the first quarter of 2017.

South Korean messaging app operator Kakao Corp raised US$1b from the sale of global depository receipts in Singapore Exchange. Sasseur REIT’s US$300.7m IPO is the biggest IPO listing in the Singapore Exchange so far this year.

Equity offerings are combined with initial public offerings and follow-on offerings listed in Singapore’s stock exchanges.

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.