Deals
Singapore's Shelved IPOs Pile Up as Summit, Qualitas Struggle
Photographer: Munshi Ahmed/Bloomberg
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Singapore initial public offerings sure are having trouble getting over the finish line these days.
Electricity generator Summit Power International Ltd. became the latest casualty Tuesday, telling investors it’s shelving a share sale that was targeting $260 million. The move came less than two weeks after Bloomberg News reported Malaysian clinic operator Qualitas Medical Ltd. delayed the pricing of its S$100 million ($76 million) IPO in the city-state.