Singapore’s equity capital markets experienced a robust start to 2026, with investment banks managing $3.6 billion in equity and equity-related fundraising during the first half of the year. Data from the London Stock Exchange Group’s Deals Intelligence team shows a 7.4% year-on-year increase, marking the strongest first-half performance for the sector since 2020, even as total deal count dropped by 41.9%.
Growth was largely fueled by follow-on offerings from Singapore-domiciled firms, which reached a seven-year first-half high of $2.3 billion. Local initial public offerings also saw a significant surge, with five listings raising $878.1 million—a 71.5% jump from the previous year. Two of these IPOs closed in the second quarter, bringing in $86.2 million: co-working space provider JustCo listed on the Singapore Exchange Mainboard, while Kin Global debuted on the SGX Catalist.
The real estate sector dominated capital raising, generating $3.0 billion—or 85.6% of total proceeds—driven primarily by real estate investment trust (REIT) issuances, which accounted for six of the eight largest deals of the period. Technology companies followed with an 11.1% market share ($393.9 million), while healthcare comprised 2.6%. DBS Group Holdings led the underwriting league table for Singapore equity and equity-linked deals in the first half of 2026, capturing $757.8 million in related proceeds.
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