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Fortune
Fortune
Angelica Ang

Singapore's IPO reboot sees 3.5x the listings and over $3 billion raised, as reforms bring bourse revenue up 14%

(Credit: ORE HUIYING VIA GETTY IMAGES)

Singapore’s bourse reported a 14% jump in yearly revenue to $1.17 billion, after the country rolled out a series of market reforms in 2025 aimed at revitalizing its sluggish stock market. The measures, which included tax rebates for newly-listed companies and a government-led injection of 1.5 billion Singapore dollars into the local equity market, have paid off.

The Singapore Exchange (SGX) saw a 24.6% increase in net profits in FY2026, and its 21 new IPO listings raised a total of $3.2 billion. The IPO reboot seems to have the greatest effect in year-over-year change: the six listings the year before raised just $20 million.

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