OREANDA-NEWS. Singapore Exchange has seen nine initial public offerings (IPOs), one reverse takeover (RTO) and one secondary listing in the 2016 year-to-date, compared with just three IPOs in the corresponding period a year ago.

These listings span a cross-section of industries – ranging from real estate investment trusts, construction & engineering, chemicals, and security solutions to gold mining, facilities management and food & beverage support services.

The two most recent listings – lubricant manufacturer and trader United Global Ltd on 8 July, and workforce solutions and services provider Advancer Global Ltd on 11 July – bring the total amount of funds raised to S$1.6 billion in the year thus far, a more than 28-fold increase from the total of S$56.0 million raised in the year-ago period.

Most of these IPOs in the YTD were also oversubscribed. Fraser Logistics & Industrial Trust’s placement tranche was more than six times subscribed, while Manulife US REIT’s public offer was 1.6 times subscribed. For Acromec and Advancer Global, their total invitation shares were 5.3 times and 5.5 times subscribed respectively.

These nine IPOs have a combined market capitalisation of S$2.5 billion. Excluding the two recent listings, the seven IPOs averaged a gain of 27% from their respective listing prices through to 11 July.

One recent listing – United Global – finished 10% above its IPO price of 25 Singapore cents on its trading debut last Friday, while the second – Advancer Global – closed 77.3% higher from its IPO price of 22 Singapore cents on its trading debut yesterday.

Excluding these two recent listings, the best-performing IPOs in the year-to-date were: Acromec (+231.8%), GS Holdings (+68.0%), and Frasers Logistics & Industrial Trust (+8.4%).

The table below details the nine listings in the YTD, sorted by IPO date. Note that clicking on the stock name will take you to its profile page in SGX StockFacts.