22 Jan '13, 4pm

Singapore Exchange Banks on More IPOs in 2013

Singapore Exchange Banks on More IPOs in 2013

SINGAPORE—Singapore Exchange Ltd. said it sees a "healthy" pipeline for new share sales in 2013, after reporting a 17% increase in fiscal second-quarter net profit on higher revenue from its securities and derivatives businesses. Enlarge Image Close Bloomberg News Singapore Exchange sees a "healthy" deal pipeline. Above, CEO Magnus Böcker. "If we continue to see the positive sentiment in the market, I think you will see more IPOs. We see some very large companies coming, and I think that's fairly important for the market," Magnus Böcker, the chief executive of Singapore Exchange told The Wall Street Journal on the sidelines of a media and analyst briefing after announcing earnings, without naming any of the firms. Singapore's benchmark Straits Times Index has climbed 1.7% since the beginning of the year, after jumping 17% last year. The index closed little changed on Tuesd...

Full article: http://online.wsj.com/article/SB1000142412788732394000457...

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Keeping myself updated

Keeping myself updated

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Fuh #singapore

Fuh #singapore

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