Gold, RTOs, wind energy: While new listings are floundering, issuers are finding their way
It seems unlikely investors will be eager to take their chances with IPOs of untested issuers in the rest of the year
Despite a lack of interest in new IPO listings during the remainder of 2022, issuers are discovering alternative methods to proceed, according to the latest market insights. Last week's Mark To Market column delved into Fu Yu Corporation's efforts to relocate its listing from Singapore Exchange's mainboard to Catalist. This revelation piqued interest in the fact that a remarkable six companies have reversed their course this year.
The significance of this development lies in the fact that only five issuers have successfully secured primary listings on the mainboard this year through initial public offerings, with only EGP Energy Corp currently thriving. The other four – UI Boustead Reit, JustCo, Foundation Healthcare, and All-Link Air and Sea – were trading below their IPO prices at the end of last week.
Securities insiders have been increasing their buying activities while Keppel and UOB have led buybacks. Stripe's Asia Pacific business is anticipated to experience accelerated growth compared to other regions, as reported by its chief revenue officer. Will the ongoing US-Canada tariff war ultimately prove detrimental to bilateral relations?
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
