Singapore has two failed IPOs in a week as volatility bites

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Singapore has two failed IPOs in a week as volatility bites

SGX Singapore Stock Exchange_230px
(160727) -- SINGAPORE, July 27, 2016 (Xinhua) -- A staff member walks past an office in Singapore Exchange (SGX), July 27, 2016. SGX on Wednesday announced net profit of 349 million Singapore dollars (about 257 million U.S. dollars) for the full financial year 2016, unchanged from the previous year. (Xinhua/Then Chih Wey) ****Authorized by ytfs**** (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

The Singapore equity capital market was hit by some unpleasant news this week when a pair of IPOs were shelved in quick succession. The move drew mixed responses from bankers, with one saying it highlights the city’s dwindling appeal as a listings hub, and others promising a busy year ahead for equity raising. John Loh reports.

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