SGX expecting healthy pipeline of IPOs for rest of 2013

SGX expecting healthy pipeline of IPOs for rest of 2013

    By Linette Lim
    POSTED: 16 Jul 2013 5:03 PM
 
The Singapore Exchange said it is looking at a healthy pipeline of initial public offerings for the rest of the year.

SINGAPORE: The Singapore Exchange (SGX) said it is looking at a healthy pipeline of initial public offerings (IPO) for the rest of the year.

Bankers said improving market sentiment is one key reason driving confidence among potential issuers.

OCBC said the most popular IPOs among investors will continue to be yield instruments like real estate investment trusts (REIT).

This is because interest rates are widely expected to remain low for this year at least.

Even as investors eagerly await the OUE and SPH Reit IPOs, SGX said there are listings from other business sectors coming on-stream.

Lawrence Wong, head of listings at SGX, said, explained: "Of course there are certain sectors that we are better at so we tend to attract more attention from these, like the offshore (companies), REITs and business trusts, our commodities and resources (listings). Now increasingly, we are seeing healthcare as well. In fact, the other trend we are bringing to see is actually consumer related."

- CNA/fa

- wong chee tat :)