FROM THE EDITOR
This is the seventh year that we are rounding up the hottest start ups in Singapore. Fintech is still the overlord of the start up scene. Our annual report found out that there’s a significant jump in average total funding raised by start ups from last year’s $3.2m to this year’s $5.23m. Interestingly, some start ups have also tapped the crypto-space for funding through initial coin offering (ICOS). In fact, one of our featured start ups raised $10m in one funding round.
Speaking of ICOS, it’s boom time for this new and highly technical means of fundraising in Singapore. We interviewed industry experts to find out the good, the bad and the ugly side of ICOS. More importantly, we digged deeper into its future as the new lifeblood for start ups seeking to raise financing.
Meanwhile, our annual investment banking review reveals that Singapore-domiciled companies tapping the equity capital markets raised $6.9b so far as of mid-december 2017, a 44.0% rise in proceeds compared to 2016, reaching four-year highs. IPOS by Singaporean companies in domestic and overseas stock market also bolstered activity, raising $4.2b as of mid-december, up 52.7% from the year-ago proceeds, as the number of IPOS climbed by nearly half. Overall, analysts forecast a good year for investment banking, but they are also sending out warning signals that investment banks in the region still need to be wary of the rising costs and eroding customer trust that are hounding the industry as a whole.