Singapore IPOs seems to be heating up recently. Late last year, we’ve already seen two major IPOs listed, namely GLP and Mapletree. This time round, Hutchison Whampoa is said to be listing their port business in a potential $6 billion IPO here. At this size, it will be Singapore’s largest IPO to date.

Hutchison Whampoa Ltd is a Hong Kong listed conglomerate by Li Ka-shing. It’s business encompasses port operation, property and hotels, retail, telecommunications and infrastructure.

Hutchison Port Holdings Trust, the proposed spin-off entity, is to be listed in Singapore because trusts can’t be traded in the Hong Kong exchange. Hutchison may eventually offer units of the trust in Hong Kong if regulations change. This trust will hold all of Hutchison’s existing and future port business.

The management company for the new trust will be a fully owned unit of Hutchison, according to the statement.

“This new public vehicle ...