Analysts positive on IPO market after resilient results in 2020

With diversified plays stirring up excitement among investors this year, market watchers expect greater listing volumes in 2021

Published Sun, Dec 20, 2020 · 09:50 PM

IPO

Singapore

EVEN in the midst of the Covid-19 pandemic, initial public offerings (IPOs) in 2020 continued to hold their own in the Singapore market. As such, market watchers The Business Times spoke to expect the new year to bring about greater listing volumes.

This comes particularly as the listings of more diversified plays - such as in the case of the highly anticipated Nanofilm Technologies International - stirred up excitement among investors this year; thus boosting market sentiment.

"I would not be surprised if we can see more mainboard company listings coming into the market," said Tay Hwee Ling, disruptive events advisory leader of Deloitte South-east Asia and Singapore, noting that pandemic benefici…