SG IPO Reform Momentum: If the Bar Gets Lower, Will You Join In?
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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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
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
Lowering IPO entry requirements on SGX is likely to increase investor participation, though greater emphasis on due diligence will be necessary
Tech IPOs are expected to offer the highest growth potential compared to the more stable and yield-oriented REITs and data centers
MAS reforms can continue attracting global capital if the focus remains on high-quality listings backed by robust disclosure and enforcement frameworks
Overall, the successful implementation of these reforms will depend on the ability to deliver quality listings and maintain investor confidence over the long term
Tag :
@Huat99
@Snowwhite
⭐1.$NTT DC REIT美元(NTDU.SI)$-專注於數據中心，融資超過5億美元
⭐2.$Cent Accom REIT(8C8U.SI)$-專注於住宿資產，融資超過5億美元
他們共同做出了貢獻籌款總額的88%.
但即便如此，新加坡仍遠遠落後於美國IPO市場——這就是新加坡金融管理局推出政策提振IPO格局的原因。