SGX Says Over 30 Companies in IPO Pipeline as it Eyes More Acquisitions

Bourse posts highest revenue since 2000 at $1.3 billion — up 11.7% from FY2024

- Benjamin Lim

The Singapore Exchange (SGX) has more than 30 companies in its pipeline of initial public offerings (IPOs) that have already hired advisers and started preparatory listing work.

More are still contemplating going public in Singapore, SGX head of global sales and origination Pol de Win disclosed at a results briefing on Aug 8. SGX did not specify the timeline for its IPO pipeline.

Chief executive Loh Boon Chye said at the briefing that the 2025 financial year was a landmark for the company, with its strongest performance yet.

"We are on track to achieve 6 per cent to 8 per cent growth in our group revenue in the medium term. We will also strengthen our high-quality, multi-asset product shelf across asset classes, geographies and themes."

For the 12 months to June, net profit rose 8.4 per cent to $648 million from $597.9 million a year ago on increased trading volumes across commodities, equities and currencies.

The bourse operator also posted its highest revenue since 2000, at $1.3 billion — an 11.7 per cent increase from financial year 2024.

SGX chief financial officer Daniel Koh said the results set a strong foundation for SGX's next stage of growth, which will feature bolt-on acquisitions — smaller companies that will complement or expand the group's business.