![\"Newsletter](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/06\/generic_newsletter-CGny2zps.png\"\/)
<\/p>\n[SINGAPORE] Singapore\u2019s market is weathering a listing drought while its rival bourse up north, the Hong Kong stock exchange, is on fire – on track to becoming the world\u2019s top initial public offering (IPO) venue in 2025. <\/p>\n
Nearly 100 companies could raise as much as HK$220 billion (S$35.7 billion) there, PricewaterhouseCoopers estimated. <\/p>\n
The Hong Kong Exchanges and Clearing Limited (HKEX) enjoyed a bumper crop of 149 IPO applications in the year to date up till May, almost double the number from the year-ago period. <\/p>\n
But on the Singapore Exchange (SGX), delistings continue to outpace IPOs. <\/p>\n
Six months into 2025, the Catalist debut of automotive group Vin\u2019s Holdings and the mainboard listing of software services provider Info-Tech Systems, coupled with a stream of privatisations, takes the year\u2019s tally to two IPOs. There have been nine delistings, and another seven are in the pipeline.<\/p>\n
But while things look dismal, revival could be on the horizon. <\/p>\n
BT in your inbox<\/p>\n
Start and end each day with the latest news stories and analyses delivered straight to your inbox.<\/p>\n
For one, a review group formed by Singapore\u2019s central bank is proposing schemes to resuscitate the local stock market \u2013 including offering fund manager incentives<\/a>, shifting towards a more disclosure-based regime, and simplifying the listing process. <\/p>\n The prospect of real estate investment trust (Reit) listings is also looking promising: Japanese telecom giant NTT is seeking to raise US$864 million in a Singapore IPO for a data centre Reit<\/a>, and French property asset manager Praemia Reim is weighing a healthcare Reit<\/a>.\u00a0<\/p>\n Beyond Reits, more fresh listings look to be on the way. Interior fit-out business Lum Chang Creations lodged its preliminary prospectus<\/a> for the Catalist board on Jun 23, and design-and-build specialist <\/b>Dezign Format Group followed suit<\/a> a week later. <\/p>\n Chinese corporates\u2019 heightened interest<\/a> in Singapore listings could boost the local bourse as well. As a raging trade war spurs such firms to diversify away from the US, at least five from mainland China or Hong Kong are reportedly eyeing IPOs, dual listings, or share placements<\/a> in Singapore over the next year or so.\u00a0<\/p>\n Although these developments bode well for Singapore\u2019s stock market, some market watchers do not expect the city state to close the listing gap with Hong Kong anytime soon \u2013 due to factors including its stricter listing requirements and relatively conservative investor base. <\/p>\n Others think that Singapore\u2019s plus points of political stability, geopolitical neutrality, international recognition and shorter time to market \u2013 compared to venues with longer IPO queues \u2013 make it an appealing listing destination. <\/p>\n While it remains to be seen if Singapore\u2019s equities market will get the turnaround it hopes for, The Business Times looks at how SGX and HKEX compare in three charts. <\/p>\n","protected":false},"excerpt":{"rendered":"[SINGAPORE] Singapore\u2019s market is weathering a listing drought while its rival bourse up north, the Hong Kong stock…\n","protected":false},"author":3,"featured_media":43161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[64,135,67,132,68],"class_list":{"0":"post-43160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/114805895690304380","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=43160"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/43160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/43161"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=43160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=43160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=43160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}