Khullar expected companies seeking listings would be involved in marine engineering, oilfield services, real estate investment trusts and other business trusts. Big international brands wanting to list in Asia would also consider Singapore, Khullar said. The companies will be from China, Singapore, India, Indonesia, and Vietnam, he added.

There have been just three IPOs in Singapore this year. Teho International Ltd., Japan Foods Holdings Ltd. and Westminster Travel Ltd. together raised S$17 million ($11.8 million).

Companies delayed listing plans following a record 49 percent drop on the Straits Times Index last year. The gauge has climbed 77 percent from its five-year low on March 9 amid optimism that government stimulus measures will help revive the city’s economy.

Source: Bloomberg