Singapore Business Review - - CONTENTS - Tim Charl­ton

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.

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