The pace of new listings, which was largely staid for the better part of the year, has picked up as 2021 draws to a close, and the industry is looking forward to the momentum being carried forward into the new year.

“It is hoped that the new framework on Special Purpose Acquisition Companies (Spac) listings, introduced in September, will help Singapore’s capital market bounce back from this dry IPO spell to outperform last year,” says Deloitte in its annual take on the regional IPO scene.

While the Singapore Exchange (SGX) has yet to see a Spac listing, the new framework could woo the region’s IPO hopefuls to list here, says Tay Hwee Ling, disruptive events advisory leader for Deloitte Southeast Asia and Singapore. “By enhancing secondary listing rules and introducing the Spac framework, listing aspirants in Southeast Asia with familiar local names have more options and can list closer to home.”

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