SGX Market Updates

SGX Healthcare Stocks Raised USD 1 Billion in Last Five Years


PUBLISHED ON |

05 September 2018

  • SGX has one of the world’s most market-oriented and efficient suite of capital-raising processes for companies. The comprehensive suite of offerings includes IPOs, rights and bonus issues, stock splits and consolidations, private placements, as well as takeovers.

  • Singapore’s healthcare sector is seen as defensive, with strong valuations, and poised to enjoy multi-year growth prospects. Drivers of Asia’s increased healthcare spending levels include accelerated ageing rates, the rise of lifestyle diseases, and growing disposable incomes.

  • From 2013 to 1H 2018, healthcare stocks on SGX raised a total of US$1 billion from 16 listings (total US$211 million raised), 25 equity placements and rights issues (total US$213 million raised), and nine bond listings (total US$550 million raised).




SGX has one of the world’s most market-oriented and efficient suite of capital-raising processes for companies. The comprehensive suite of offerings includes IPOs, rights and bonus issues, stock splits and consolidations, private placements, as well as takeovers.

Singapore’s healthcare sector is typically viewed as a defensive segment with strong valuations, poised to enjoy multi-year growth prospects. Drivers of Asia’s increased healthcare spending levels include accelerated ageing rates, the rise of lifestyle diseases, and growing disposable incomes.

Frost & Sullivan estimates that the Asia-Pacific healthcare industry will expand by 11.1% to US$517 billion in 2018, representing one of the fastest growing regions worldwide, compared with an average 4.8% growth rate for the global healthcare sector.

The listed healthcare sector in Singapore, as tracked by the benchmark SGX All-Healthcare Index, comprises companies that operate in the segments of pharmaceuticals and biotechnology, healthcare and patient services, as well as medical equipment and supplies.

Between 2013 and 1H 2018, healthcare stocks on SGX raised a total of US$1 billion from the following activities:

  • 16 listings US$211 million raised
  • 25 equity placements and rights issues US$213 million raised
  • 9 bond listings US$550 million raised

Note that the above figures exclude secondary funds of US$2.3 billion raised by Lonza Group in February and May 2017, and nine bond issuances of US$1.4 billion by privately held companies between 2013 and 1H 2018.


The capital-raising activities conducted by healthcare companies on SGX in the 2018 year-to-date and calendar year 2017 are listed below, sorted by date.





The tables below detail SGX’s recent healthcare listings, sorted by market capitalisation. 



Did You Know?

The SGX All-Healthcare Index is a free-float, market capitalisation-weighted index that comprises 31 constituents with a combined market capitalisation of about S$35 billion. Seven of the 10 largest constituents of the Index report more than a third of group revenues to Asia Pacific ex-Singapore, namely Southeast Asia, North Asia and South Asia.







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