As a titan of the Singapore legal market, Allen & Gledhill LLP has the depth of expertise, extensive resources and illustrious reputation to attract many of the most sought after clients and engagements in the country and across the region. Operating across all major debt and equity products, it remains especially well known for REITs and business trust transactions, where it has advised on the vast majority of capital markets offerings by this segment of the Singapore market. It remains noted for advising on a series of market firsts, including the first-ever offering of US dollar green subordinated perpetual securities by an Asia-Pacific corporate issuer and the first IPO of a Singapore business trust. It has continued to advise on landmark engagements including large covered bond programmes, reverse takeovers and substantial equity fundraisings. Managing partner Jerry Koh heads the REITs team, while Tan Tze Gay and Margaret Chin lead the equity capital markets (ECM) and debt capital markets (DCM) groups respectively. Yeo Wico, Chua Bor Jern, and Magdalene Leong are also highly rated practitioners.

WongPartnership LLP ‘understands commercial concerns and does not give textbook solutions’, remaining a dominant force in equity and debt capital markets offerings. It continues to land many of the prime engagements in Singapore and plays anchor roles on deals across the region, including equity offerings in Thailand, Indonesia and Malaysia. REITs and business trust offerings have been a driving force of the firm’s practice over recent years, though it has an active presence in all major sectors and product areas. It has also made an impression in de-SPAC transactions. The firm represents a multitude of issuers and underwriters, including local, regional and international banks. Hui Choon Yuen heads the financial services group and is a leading name in debt offerings and debt issuance programmes. Gail Ong is a senior figure in equity offerings. Karen Yeoh, James Choo and Trevor Chuan are also key partners.

Rajah & Tann Singapore LLP has a major presence in domestic and region-wide equity and debt offerings. Its commitment to building its standing in Southeast Asia and beyond has brought it engagements from across Asia Pacific. Its broad-based practice covers all key product areas and includes a considerable focus on SPAC transactions, REITs and business trust offerings, cross-border transactions and sustainability-linked offerings. Chia Kim Huat leads the regional corporate and transactional group, having an established background in capital markets offerings. Evelyn Wee is head of capital markets and has a prolific record in large-cap Singapore listings and REIT offerings, along with major SPAC transactions. Lee Xin Mei leads the debt capital markets team and is noted for debt issuance programmes, sustainability-linked notes and debt restructuring engagements. Raymond Tong has an outstanding record in equity offerings, including IPOs and rights issues. Danny Lim is also noted for equity deals, along with Tan Mui Hui who is rated for Singapore, Hong Kong and New York offerings.

Bird & Bird ATMD LLP has maintained an active presence in the equity markets thanks in part to its record in Hong Kong and Nasdaq offerings. The firm’s sizeable capital markets team has established connections to fast growth companies and established brands, especially in the TMT sector, along with energy and utilities, aviation, government-linked companies, and life sciences and healthcare. The firm’s background in private equity and venture capital brings it a wealth of issuer clients. Marcus Chow leads the Singapore corporate group, is licensed to practice in Singapore and New York, and has a major focus on equity capital markets offerings. Counsel Jolie Giouw provides further senior level experience in private placements, IPOs and secondary offerings.

CNPLaw LLP has a tremendous record in mid-market equity and debt offerings. Operating across multiple industries, it is particularly known for its work in the fintech and technology sectors. While much of its focus is on domestic offerings, it has broadened its geographic reach to high-growth markets such as Myanmar, the broader Indochina region, and the Philippines. Along with equity and debt offerings, the firm has also built its standing in takeovers. It is particularly noted for representing issuers. Tan Min-Li is an established name in mid-market domestic and cross-border transactions with Pradeep Kumar Singh and Wong Pei-Ling are also noted for equity and debt offerings.

Dentons Rodyk’s large presence in Singapore brings it domestic and regional credibility in both equity and debt offerings, including transactions connected to China, India, Indonesia and Taiwan. It has an established record in listings on the Catalist and main board of the Singapore Stock Exchange (SGX). The firm represents a long list of issuers, underwriters and trustees in large and mid-cap deals. Real estate and REITs continue to be an important sector for the team, along with financial services and engineering and construction. Nicholas Chong and Valerie Ong are co-heads of the capital markets team with the former noted for his REITs expertise and Ong recognised for her cross-border experience. Hsu Li Chuan is focused on equity offerings, is bilingual in English and Chinese, and has particular experience in fintech and blockchain.

Drew & Napier LLC is another of Singapore’s largest firms to have a broad capital markets focus covering equity, debt and REITs transactions. It has solid regulatory credentials and established international connections. It has impressed on significant Singapore IPOs, rights issues, private placements, takeovers, Singapore listings by foreign issuers and a range of debt offerings, including MTN programmes and covered bond issuances. Steven Lo and Gary Wan co-head the capital markets group, the latter having international firm and in-house counsel experience, which included leading transactions across a number of Asia Pacific jurisdictions. Renu Menon provides additional debt capital markets experience. Ng Pei Tong is another key practitioner in the team.

Morgan Lewis Stamford LLC has a prolific record in Singapore IPOs, having advised on a multitude of large-cap and mid-cap transactions. The Singapore office is also noted for large REIT IPOs and listings by overseas issuers, along with its ability to handle dual-listings and redomiciliations, and public M&A and takeovers. It has extensive connections to issuers, including tech businesses. It continues to be especially active in assisting clients with proposed Catalist listings. Bernard Lui and Joo Khin Ng are immensely experienced capital markets specialists with significant senior expertise coming from Wai Ming Yap and Vanessa Ng.

Shook Lin & Bok LLP has a long history in the debt capital markets arena, including debt offerings, debt issuance programmes, private placements and liability management exercises. On the equity side, the firm has worked on a multitude of IPOs and follow-on offerings by REITs. It has close connections to local and international issuers and underwriters, and has a significant focus on the Chinese market. Amongst its department leadership, Marilyn See has more than 20 years’ experience in debt capital markets, while Gwendolyn Gn has specialised in equity capital markets transactions for over 25 years. Wong Gang has a background in advising Chinese issuers and Pok Eu Jin brings additional international capital markets experience, including debt offerings, debt issuance programmes and equity-linked deals. Tan Wei Shyan adds further equity capital markets expertise.

TSMP Law Corporation has a prestigious reputation and has an established client base of prominent Singapore and international issuers. It has continued to advise clients on listings on the Catalist and Main board of SGX and has also built its standing in rights issues, reverse takeovers and de-SPAC transactions. The firm is also noted for cross-border engagements, including offerings on other stock exchanges around Southeast Asia. Stefani Yuen Thio is a senior corporate and capital markets specialist with a fine reputation in the market. June Ho is another experienced practitioner with an excellent record in debt offerings, including ESG and sustainability-linked bonds.

Wong Tan & Molly Lim LLC has an established record in domestic and international equity offerings and reverse takeovers. The firm has maintained its strong presence in proposed and completed IPOs on the Catalist and Main board of SGX. It is also noted for offerings and dual listings involving overseas exchanges including Shanghai, Nasdaq and Bursa Malaysia. Ong Beng Hong leads the capital markets team and has extensive experience in primary and secondary offerings, IPOs and reverse takeovers.