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Catalist board fund raising looks set to surpass 2013

Fund raising on the Catalist board this year looks set to surpass that in 2013. According to numbers released by Singapore Exchange, there have been 10 listings in the first seven months of this year, raising a total of S$226 million dollars.

SINGAPORE: Fund raising on the Catalist board this year looks set to surpass that in 2013. According to numbers released by the Singapore Exchange, there have been 10 listings in the first seven months of this year, raising a total of S$226 million.

This is within touching distance of the S$253 million raised by the 12 initial public offerings (IPOs) for the whole of last year. The 10 companies which listed this year have a combined market capitalisation of S$2 billion. As of July 29, their stocks have generated an average total return gain of 36 per cent.

Two sectors that have been attracting listings on the Catalist board are the minerals, oil and gas sector and the health sector. "We obviously are establishing ourselves as a commodity trading hub and we're also establishing ourselves as somewhat of a hub for healthcare services, so it's only natural that the listings on SGX should evolve in those two spaces,” said Geoff Howie, a market strategist.

“We've also got S$2.1 trillion of funds being managed here in Singapore. And many of these portfolio managers track the stock market, so they would also be looking for the segments of the stock market that have the traditional higher turnover velocity."

The Catalist board caters to the needs of fast-growing enterprises. Currently, there are 146 companies listed on the Catalist board, with a combined market capitalisation of more than S$11.3 billion.

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