Worldwide IPO proceeds reached $193.6 billion, a 210% increase from the same period in 2025, although deal volume fell 7% from 548 listings. Hong Kong’s year-to-date IPO proceeds were already more than 60% higher compared with the first half of 2025, EY said. Singapore recorded five IPOs that raised $1.1 billion, up from one deal worth $4.5 million a year earlier. Indonesia had one IPO raising $17.8 million, compared with 14 deals worth $427.5 million, while Thailand completed one IPO raising $10.4 million, down from five listings worth $27.4 million. Singapore showed improvements in IPO volume and proceeds compared with a year earlier, supported by the Equity Market Development Programme introduced in February 2025, which injected liquidity and vibrancy into the market.