Many investors may invest in an initial public offering or IPO for short due to the fear of missing out (FOMO).
They might feel that if they do not put some money into the company set to go public, they could miss the boat and not get a great investment opportunity again. Stories about the greatest IPOs where the underlying stocks have gone on to create massive wealth for early investors.
Some like to invest in IPOs as they see them as a sure way to make some quick bucks. The idea is to apply for the IPO during the offer period and sell it at a higher price once the stock starts trading in the stock market.
We were curious to find out how much we would have made if we had invested $1,000 in every new Singapore Exchange (SGX) listing this year. This is what we found out.
Number of IPOs & IOPs On SGX
In 2024, there were a total of 10 companies or exchange-traded funds that went public.
Two of them were secondary listings – Helens International Holdings Limited (SGX: HLS) and PC Partner Group Ltd (SGX: PCT) –. Still, we have included them in the count for completeness (and fall under the IPO category for this article).
A secondary listing in Singapore means that a company already listed on another exchange also lists its shares on the SGX. The company’s shares would then be traded on multiple exchanges simultaneously, broadening its reach to a broader pool of investors.
Four were listed on the Catalist board of the SGX, and they are:
Four were listed on the Catalist board of the SGX, and they are:
- Singapore Institute of Advanced Medicine Holdings Ltd (SGX: 9G2)
- Food Innovators Holdings Limited (SGX: KYB)
- Attika Group Ltd (SGX: 53W)
- Goodwill Entertainment Holding (SGX: GEH)
Four ETFs had their IOP this year, namely:
- Lion-Nomura Japan Active ETF (SGX: JJJ)
- Phillip-China Universal MSCI China A50 Connect ETF (SGX: MCN)
- Lion-OCBC Securities APAC Financials Dividend Plus ETF (SGX: YLD)
- Lion-China Merchants Emerging Asia Select Index ETF (SFFX: EAA)
Here’s the full list of companies and ETFs that were involved in IPOs/IOPs in 2024:
| Company/ETF | Ticker | Listing Date | Offer Price (S$) |
| Lion-Nomura Japan Active ETF | JJJ | 31/1/2024 | $1.00 |
| Singapore Institute of Advanced Medicine Holdings Ltd | 9G2 | 16/2/2024 | $0.23 |
| Phillip-China Universal MSCI China A50 Connect ETF | MCN | 20/3/2024 | $1.00 |
| Lion-OCBC Securities APAC Financials Dividend Plus ETF | YLD | 13/5/2024 | $1.00 |
| Helens International Holdings Limited | HLS | 19/7/2024 | $0.365 |
| Food Innovators Holdings Limited | KYB | 16/10/2024 | $0.22 |
| Attika Group Ltd | 53W | 8/11/2024 | $0.22 |
| PC Partner Group Ltd | PCT | 15/11/2024 | $0.85 |
| Goodwill Entertainment Holding | GEH | 15/11/2024 | $0.20 |
| Lion-China Merchants Emerging Asia Select Index ETF | EAA | 11/12/2024 | $1.34 (Converted to SGD from $1 USD) |
IPO Performance In 2024
Now, let’s look at how the companies performed share price-wise this year (as of 20 December 2024).
| Company/ETF | Ticker | Listing Date | Offer Price (S$) | Current Price (as of 20 Dec, S$) | Percentage Gain/Loss | $1,000 Invested Becomes |
| Lion-Nomura Japan Active ETF | JJJ | 31/1/2024 | $1.00 | $0.990 | -1.0% | $990.00 |
| Singapore Institute of Advanced Medicine Holdings Ltd | 9G2 | 16/2/2024 | $0.23 | $0.055 | -76.1% | $239.13 |
| Phillip-China Universal MSCI China A50 Connect ETF | MCN | 20/3/2024 | $1.00 | $1.095 | 9.5% | $1,095.00 |
| Lion-OCBC Securities APAC Financials Dividend Plus ETF | YLD | 13/5/2024 | $1.00 | $1.096 | 9.6% | $1,096.00 |
| Helens International Holdings Limited | HLS | 19/7/2024 | $0.365 | $0.47 | 28.8% | $1,287.67 |
| Food Innovators Holdings Limited | KYB | 16/10/2024 | $0.22 | $0.20 | -9.1% | $909.09 |
| Attika Group Ltd | 53W | 8/11/2024 | $0.22 | $0.265 | 20.5% | $1,204.55 |
| PC Partner Group Ltd | PCT | 15/11/2024 | $0.85 | $0.845 | -0.6% | $994.12 |
| Goodwill Entertainment Holding | GEH | 15/11/2024 | $0.20 | $0.17 | -15.0% | $850.00 |
| Lion-China Merchants Emerging Asia Select Index ETF | EAA | 11/12/2024 | $1.34 (Converted to SGD from $1 USD) |
$1.300 | -3.0% | $970.15 |
| Total | $9,635.70 | |||||
The table above shows how each company (ETF) has performed since its IPO (or IOP). Using simple arithmetic, there were six losers to four gainers. Singapore Institute of Advanced Medicine Holdings Ltd saw the most significant decline in share price since its IPO.
$1,000 invested in each investment would mean a total investment of $10,000. That investment would have turned around $9,636 as of 20 December 2024. This translates to a compounded annual growth rate of -9% on a portfolio basis.
Read Also: How Much Would Investors Have Earned If They Invested $1,000 In Every IPO On The SGX In 2022?
The post IPO Report Card: How Much Would You Have Made If You Invested $1,000 In Every IPO/IOP On The SGX In 2024 appeared first on DollarsAndSense.sg.
