SGX Aims to Lure Increased Listings from Chinese and Southeast Asian Firms

Deep News18:10

An executive from Singapore Exchange (SGX) stated that the bourse is seeking to attract more companies from China and Southeast Asia to list in Singapore, aiming to boost momentum in initial public offering (IPO) transactions.

Global Head of Sales and Origination Pol de Win mentioned in an interview that the exchange is optimistic about a new dual listing framework developed in cooperation with Nasdaq. This mechanism, scheduled to launch mid-year, is expected to attract more high-growth companies. Shares of SGX declined on Thursday after the company reported first-half revenue that fell short of analyst expectations.

"There are more deals in the pipeline now than six months ago," de Win said. "We are seeing new transactions coming in and moving into the preparation phase at a faster pace."

Data shows that total listing fundraising climbed to $1.9 billion last year, reaching a six-year high, indicating a market recovery. Additionally, intellectual property data provider Patsnap is reportedly considering a dual listing in Hong Kong and Singapore. Separately, according to earlier reports from informed sources, Boustead Singapore's real estate investment trust subsidiary is seeking a listing in Singapore as early as March.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment