Singapore IPO market prospects brighten

Aiming high: People wearing face masks pass the city skyline. As South-East Asian tech dealmaking booms, Singapore is looking to attract more attention after some major companies chose to list elsewhere in recent years. — Reuters

SINGAPORE: Singapore’s move to launch new funds to support startups will help companies seeking initial public offerings (IPOs), though it could take years before Singapore Exchange (SGX) might become a centre 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 IPOs.