Thailand beats Singapore for 2nd consecutive year as top IPO market in South-east Asia


Source: straitstimes.com straitstimes.com

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SINGAPORE - Thailand's initial public offering market has chalked up another stellar performance, beating Singapore for the second year running as the top IPO market in South-east Asiam with the largest amount of funds raised, according to research from professional services firm Deloitte. Singapore had eight listings that raised a total of US$852 million (S$1.14 billion) in the first 10½ months of this year. This was dwarfed by the US$3.9 billion raised from 23 IPOs in Thailand during the same period. Last year's competition was keener, with Thailand raising US$3 billion from 34 listings, compared with the US$2.26 billion from...