SGX Gears Up for IPO Revival With 30 Firms in Pipeline, Syn Says

Singapore Exchange Ltd. has a pipeline of about 30 companies looking to go public, according to one of the bourse’s top executives, signaling that the city-state’s moribund market for new equity listings is about to turn a leaf.

These firms “have already paid for advisers” to get going on their initial public offerings, SGX executive Michael Syn, who is responsible for the bourse’s platforms across assets and is the chief executive officer for SGX’s stock market, said in an interview with Bloomberg TV. That’s an improvement over the rate from five, 10 or 15 years ago, he added.