SINGAPORE (July 4): Geopolitical uncertainty, trade issues and macroeconomic conditions are dampening investor enthusiasm for initial public offerings (IPOs), according to the quarterly Global IPO trends: Q2 2018 report published today by professional services firm EY.

Singapore saw its IPO activity fall 60% y-o-y in 2Q18, with four IPOs during the quarter raising just US$0.07 billion ($0.10 billion) – some 79% lower than the corresponding quarter last year.

Year-to-date, this brings the total number of IPOs in the city-state to seven, down 30% compared to a year ago.

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