Listed Singapore cos raise $173.6m in Q1 2016; M&As deal values see 54% drop in same period

Listed Singapore cos raise $173.6m in Q1 2016; M&As deal values see 54% drop in same period

Skyline of Singapore financial centre. Credit:Flickr/Paul Chaloner

Singapore-based firms in equity capital markets have secured $173.6 million in this quarter alone, which is a 44.1 per cent increase compared to the same period in 2015, according to data published by Thomson Reuters.

Most of the financing raised by local firms were conducted through follow-on offerings. So far, $144.7 million in proceeds have been reached, which is a 20.1 per cent increase from Q1 2015.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter