Singapore IPOs in 9M24 fall 67% YoY

There was only one IPO in Singapore.

Singapore's initial public offerings (IPOs) in the first nine months of 2024 (9M24) fell 67% YoY to one, data from EY showed.

In its Global IPO Trends Q3 report, EY said Singapore also saw an 8% YoY decline in its IPO proceeds in 9M24, not even hitting US$100m.

The sole IPO Singapore had in 9M24 raised US$19.5m.

Meanwhile, EY also reported that Singapore had 13 cross-border IPOs in the first three quarters of the year.

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