Getting in on the IPO frenzy

SINGAPORE (Nov 24): There were 16 new listings in 2016 and 13 in 2015. And, as it is, the 15 IPOs that have already taken place this year raised more money than IPOs for both 2016 and 2015 combined.

The new listings this year also drew stronger subscription rates and garnered higher valuations, according to a study by Deloitte.

As at Nov 15, some $3.7 billion had been raised via IPOs. Only $2.3 billion was raised during the whole of 2016, and only $513 million in 2015. At their IPO prices, the 15 companies that listed by Nov 15 this year were valued at $6.56 billion.

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