SINGAPORE (Dec 15): The Singapore Exchange (SGX) topped Asean’s initial public offering (IPO) performance for 2017 with total proceeds of US$3.2 billion from eight deals in the year to date (YTD). This is according to the latest EY Global IPO trends: Q4 2017, which underscored 2017 as the most active year for global IPO activity since 2007.

It was found that YTD, 1,624 IPOs have been registered globally with US$188.8 billion raised, representing an increase of 49% by number of deals and 40% by capital raised compared with 2016.

Among Asean exchanges, SGX’s leading IPO performance was followed closely by the Stock Exchange of Thailand (SET) which raised US$2.9 billion from 20 deals, both contributing significantly to total proceeds of US$9.9 billion from 104 deals for the year – which far exceeded 2016’s total value of US$5.6 billion from 77 deals.

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