October 20, 2021

Singapore IPO market’s prospects brighten but no quick fix in sight

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SINGAPORE — Singapore’s move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange might become a center for regional tech listings, according to market players.

Despite shaping up as one of Asia’s leading finance hubs, Singapore has seen a decline in listings over the past decade and failed to attract large initial public offerings.

Market participants say, though, that the setting up of two funds https://www.reuters.com/business/singapore-court-equity-listings-with-package-including-11-bln-fund-2021-09-17 with S$2 billion ($1.5 billion) in capital for firms’ late-stage fundraising and IPOs, coupled with blank-check companies being allowed to list in the city-state…

Read full article here: financialpost.com