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.
Ms Wilasinee Krishnamra, disruptive events advisory leader at Deloitte Thailand, said:"Largely driven by home-grown companies and fuelled by increasing investor interests in firms focused on consumer businesses, continues to appeal strongly to investors and fund managers." Ms Tay Hwee Ling, disruptive events advisory leader at Deloitte South-east Asia and Singapore, said the Covid-19 pandemic has created new opportunities for the IPO market here, even as the economic slump induced by the crisis has weighed on listings.
The nanotechnology solutions provider raised US$345 million on the Singapore Exchange's mainboard, where real estate investment trusts have made up most new listings in recent years. She noted that Hong Kong-based financial institution AMTD International in April became the first company to be dual-listed on the New York Stock Exchange and SGX.