singapore-equity-issuance-expected-to-gather-steam

Singapore equity issuance expected to gather steam

After two slow months, bankers say deals planned for the fourth quarter and 2008 remain on track.
The unravelling of the US subprime loan crisis has led to a virtual halt in new equity issuance in Singapore over the past six weeks, as it has in most other Asian markets. But bankers say the primary equity market is starting to gather momentum again and deals planned for the fourth quarter are still on track.

One much talked about initial public offering is the Lippo-Mapletree Real Estate Investment Trust that was originally scheduled to be launched last month. The deal was expected to raise about $400 million, with BNP Paribas, OCBC and UBS as the joint lead managers. But the IPO failed to materialise as the Singapore stockmarket fell 14.6% during the first...
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