Singapore's Shrinking Stock Market May Turn Around Its Fortunes

Singapore’s shrinking stock market has seen more companies leave its stock exchange than join in the past five years. But a resurgence of initial share sales and placements on the exchange may help turn around its fortunes.

Companies have raised $1.49 billion in placements so far this year, more than the $1.3 billion raised in the same period a year earlier, according to data compiled by Bloomberg. IPOs have picked up too, with $1.67 billion of initial share sales so far this year, more than the total amount fetched in 2018.