SINGAPORE: The Singapore Exchange Ltd (SGX), which has seen stock listings dwindle over the years, is betting on a reversal in fortunes as companies in China look to hedge political risks and South-East Asia’s unicorns seek to tap into the market, according to a top executive.
The bourse may see 30 to 40 first-time and secondary listings annually within the next five years, Pol de Win, SGX’s head of global sales and origination, said in an interview –more than double the average of about 13 listings a year since 2017.
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