Singapore Exchange reported record net revenue of approximately S$1.5 billion for FY2026, a 14% increase, with net profits climbing 24.6%. IPO listings surged from 6 to 21, with capital raised jumping from S$25 million to S$4.1 billion, a 164-fold increase. This turnaround was driven by government reforms including tax rebates for newly listed companies and a S$1.5 billion direct injection into the local equity market. Analysts forecast up to 30 IPOs in 2026, though questions remain about long-term sustainability without organic institutional and retail capital flows.
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