Gold, RTOs, wind energy: While new listings are floundering, other 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 the challenges faced by new IPOs, other companies are finding success in the market. This year, six companies have transferred their listings from the Singapore Exchange (SGX) to Catalist, a notable shift from the typical trend. This development is significant as only five issuers have managed primary listings on the mainboard this year through initial public offerings.
Out of these five, only EGP Energy Corp remains profitable, while the other four – UI Boustead Reit, JustCo, Foundation Healthcare, and All-Link Air and Sea – are currently trading below their IPO prices. Insider buying has increased, with Keppel and UOB leading buyback programs. Stripe's Asia-Pacific business is expected to grow more rapidly than any other region, according to the company's chief revenue officer. The potential impact of the US-Canada tariff war on bilateral trade relations remains uncertain.
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.
This story
This is one outlet's version. Read the fullest account.
