Initial Public Offerings Versus Reverse Takeovers: A Singapore Perspective
Between 1 January 2010 to 30 April 2013, approximately 19 Mainboard RTOs were announced on the SGX-ST, out of which only six were successfully completed as at 30 April 2013. While there is no similar publicly available data in relation to IPOs, the foregoing does illustrate that the RTO route is no assurance of a successful listing.