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Tiger Brokers\u2019 market strategist James Ooi said high-profile, quality IPOs attract fund flows and improve investor sentiment.<\/span><\/p>\n \u201cSofter post-listing performance may naturally test retail investors\u2019 patience and prompt companies to reconsider their IPO timing and listing strategy,\u201d he said.<\/span><\/p>\n Still, he pointed to a steady pipeline of listings ahead, with companies from a wider range of sectors likely to draw investors with different mandates \u2013 making for a more vibrant market over time.<\/p>\n Asst Prof Goh said he “would not overstate the impact of a few weak listings”, since a market’s reputation is built over a cycle.\u00a0<\/p>\n “Having consistent long-term post-listing performance, not first-day pops, is what actually matters,” he said.<\/p>\n A Deloitte report noted that Singapore overtook Indonesia in the region’s IPO rankings for the first half of the year, which it said signalled growing investor confidence and a strong endorsement of market reforms.\u00a0<\/p>\n UI Boustead REIT’s listing on the SGX in March was the largest in the region for the first six months of the year.<\/p>\n Analysts pointed to a mix of global, local and company-specific factors behind this year’s showing.<\/p>\n Globally, investor interest has skewed toward artificial intelligence-related names, said Mr Ooi.\u00a0<\/p>\n The broader AI capital expenditure cycle is absorbing “substantial capital” through IPOs and fundraising by listed companies alike, he said, leaving companies in more traditional sectors to compete for a smaller pool of funds.<\/p>\n IPO windows are also sensitive to geopolitics, interest rate expectations and investor risk appetite, Asst Prof Goh added.<\/p>\n Locally, liquidity remains relatively shallow outside large-cap banks, blue-chip stocks and established real estate investment trusts (REITs), he said.\u00a0<\/p>\n “This means that even if an IPO is well subscribed, aftermarket demand may not necessarily be deep enough to support the price once the stock is publicly traded.”<\/p>\n<\/div>\n Tiger Brokers\u2019 market strategist James Ooi said high-profile, quality IPOs attract fund flows and improve investor sentiment. \u201cSofter post-listing performance may naturally test retail investors\u2019…<\/p>\n","protected":false},"author":1,"featured_media":71195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/dam.mediacorp.sg\/image\/upload\/s--FuYD-q-2--\/c_crop,h_1123,w_1997,x_3,y_51\/c_fill,g_auto,h_676,w_1200\/f_auto,q_auto\/sgx-07---file-photo-data.jpg?itok=xg614R47","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[27073,1685,2586,10,1376,10986,209,1605,791],"class_list":["post-71194","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buzz-news-sg-global","tag-ipos","tag-issue","tag-market","tag-means","tag-price","tag-reforms","tag-singapores","tag-trading","tag-year","wpcat-2-id"],"_links":{"self":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/71194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=71194"}],"version-history":[{"count":0,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/posts\/71194\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=\/wp\/v2\/media\/71195"}],"wp:attachment":[{"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=71194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=71194"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sgbuzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=71194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}WHAT’S WEIGHING ON NEW LISTINGS<\/h2>\n
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