Singapore’s initial public offering (IPO) market became the second largest in the world in the third quarter of this year, a report from global accountancy firm Ernst & Young has found.
“Several IPO markets in ASEAN have been active, particularly Singapore. The country ranks second, after the U.S., by capital raised, with proceeds expected to reach $1.7 billion in the quarter, up 39 percent from Q2 2013,” said Ernst & Young.
The U.S. is expected to raise $11.8 billion from 65 IPOs.
via CNBC
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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