SGX tops EY's regional IPO leader board for 3Q with US$1.7 bil in proceeds

SINGAPORE (Sept 28): The Singapore Exchange (SGX) has emerged as Asean’s top initial public offering (IPO) market performer for the third quarter of 2017 with proceeds of US$1.7 billion ($2.3 billion).  

This was largely thanks to the listing of telecoms company NetLink NBN Trust, the largest IPO in Asia-Pacific for the quarter, according to the latest EY Global IPO Trends: Q3 2017 report.

Other exchanges in the region such as Malaysia’s Kuala Lumpur Stock Exchange (KLSE), Thailand’s Stock Exchange of Thailand (SET) and Philippines’ Philippine Stock Exchange (PSE) saw strong results over the quarter as well – raising US$876.9 million, US$624.2 million and US$114.8 million respectively.

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