FY2026 net profit climbed 24.6% and 21 IPOs raised $3.2 billion, as government-backed reforms boosted listings and SGX added Singapore Depository Receipts.
Singapore Exchange reported a 14% increase in FY2026 net revenue to about $1.17 billion, its strongest revenue performance since 2000, as a government-backed push to revive the city-state’s equity market helped drive a sharp rebound in listings. Net profit rose 24.6%, while 21 IPOs raised about $3.2 billion, up from six listings that raised S$25 million a year earlier. The recovery followed 2025 measures including tax rebates for newly listed companies and a S$1.5 billion government injection into the local equity market. SGX also introduced Singapore Depository Receipts in July 2026, allowing local investors to trade fractional interests in U.S.-listed companies including Grab, Sea and SpaceX. The exchange operates a digital-assets register for tokenized security instruments, adding to its efforts to bridge traditional capital markets and blockchain-based infrastructure. Analysts have suggested SGX could see as many as 30 IPOs in 2026 if market conditions remain supportive, though the durability of the rebound may depend on whether private capital flows can sustain momentum after state support fades.