SG IPO Reform Momentum: If the Bar Gets Lower, Will You Join In?

Tiger_SG
12-02
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In recent years people have said the SGX was “too quiet,” but this year’s report card has brought market attention back to Singapore.

#1 in Southeast Asia! Singapore’s IPO Performance This Year:

According to Deloitte’s 2025 Regional IPO Report:

As of November 14, Singapore ranked first in Southeast Asia with 9 IPOs raising USD 1.6 billion. Compared to last year’s 4 IPOs totaling USD 34 million, that’s double the number of deals and a 47x surge in funds raised.

Even more importantly, post-IPO returns have been strong:

  • 📈 Average first-day pop: +12%

  • 📈 Average YTD performance: +29%

2 Major REITs Became the Backbone of Singapore’s IPO Market

The spike in fundraising this year mainly came from two large REITs:

⭐ 1. $NTT DC REIT USD(NTDU.SI)$ – Focused on data centers, raised over USD 500M
⭐ 2. $Cent Accom REIT(8C8U.SI)$ – Focused on lodging assets, raised over USD 500M

Together, they contributed 88% of total fundraising.

But even so, Singapore still lags far behind the U.S. IPO market—this is why MAS is rolling out policies to boost the IPO landscape.

3 Key Points of MAS Announces Upgrades to Further Stimulate IPO Activity

1. SGX will cut the minimum trading lot size for high-priced stocks from 100 shares → 10 shares

Making IPO participation more accessible for smaller investors.

2. 9 Top Asset Managers Join the Market Development Fund

This includes 6 newly-appointed global/local managers such as BlackRock, Eastspring, Manulife, Lion Global, Amundi, AR, managing a combined SGD 3.95 billion.

These funds will be channeled into: Singapore IPO allocations; Improving liquidity of small/mid-cap stocks; Attracting international institutions back to SGX

3. Value Discovery Programme

MAS will invest SGD 30 million to help listed companies improve governance and investor communication.

  • Equip Grant: up to SGD 15,000; Elevate Grant: up to SGD 200,000

If IPO entry requirements drop in the future, would you participate?

Join the discussion and leave your comments to win tiger coins!

  • If entry requirements are lowered, would you be more willing to subscribe to SGX IPOs?

  • Do you prefer REITs, data centers, or upcoming tech IPOs?

  • Do you think MAS’s reforms can continue attracting global capital?

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SG IPO Reform Momentum: If the Bar Gets Lower, Will You Join In?
As of November 14, Singapore ranked first in Southeast Asia with 9 IPOs raising USD 1.6 billion. Compared to last year’s 4 IPOs totaling USD 34 million, that’s double the number of deals and a 47x surge in funds raised. If entry requirements are lowered, would you be more willing to subscribe to SGX IPOs? Do you prefer REITs, data centers, or upcoming tech IPOs? Do you think MAS’s reforms can continue attracting global capital?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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Comments

  • koolgal
    12-03
    koolgal
    🌟🌟🌟Exciting times are ahead in the Singapore Stock Market as new reforms proposed by MAS and $SGX(S68.SI)$ will stimulate greater interest in IPOs.

    One of the most exciting things is the SGX's partnership with Nasdaq  for dual listings to simplify dual listings in the US and Singapore.  A Global Listing Board will be introduced for companies with a market capitalisation of more than SGD 2 billion.

    I would love to buy $Sea Ltd(SE)$ and $Grab Holdings(GRAB)$ if they are dual listed in both the Nasdaq and Singapore.

    Another catalyst would be the reduction of standard board lot size from 100 units to 10 units for stocks trading at or above SGD 10.

    These changes are expected to be implemented in the first quarter of 2026.

    Imagine being able to buy 10 lots of $DBS(D05.SI)$ instead of 100 lots.  This would help small investors with limited capital to buy DBS.

    I am looking forward to these new reforms by SGX.

    @Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger

  • Shyon
    12-02
    Shyon
    If SGX lowers its IPO entry requirements, I’d be more open to subscribing. After years of a “quiet” market, this year’s strong rebound — with Singapore leading Southeast Asia and delivering solid post-IPO returns — makes participation more appealing for retail investors like me.

    I generally prefer REITs and data-center listings because they offer clearer income visibility and stable demand. Tech IPOs are interesting, but I’m more selective given their volatility and the smaller size of Singapore’s tech ecosystem.

    I also think MAS’s reforms can help attract more global capital. Smaller lot sizes improve accessibility, strong asset managers add institutional depth, and the Value Discovery Programme boosts governance and transparency. Together, these steps make SGX’s IPO market more attractive moving forward.

    @Tiger_SG @TigerStars @Tiger_comments

  • Tiger_SG
    12-12 19:34
    Tiger_SG
    Thanks for participating in my discussion. Your coins have been sent through the tiger coin center!
    Check them in the history - “community distribution“
    @Shyon
    @icycrystal
    @ECLC
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    @koolgal
    @北极篂
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    @北极篂
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  • LazyCat Invests
    12-03
    LazyCat Invests
    hopefully the MAS reform can at least get some of names like Grab and SEA limited to dual list here. The reduction of board lot from 100 to 10 for high price counter is a good start. But why not to 1?
  • 北极篂
    12-03
    北极篂
    新加坡能不能吸引更多全球资本？我偏向乐观——只要这次改革坚持下去，市场会慢慢热起来的。
  • 北极篂
    12-03
    北极篂
    如果未来准入门槛再降一些，我会考虑挑行业、有基本面的IPO试水，尤其是数据中心与科技类。REITs我也会继续关注，只是更适合作为组合里的“稳定器”。
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