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.
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