FB Pixel no scriptDaily Digest | SPACious in Singapore | KrASIA

Daily Digest | SPACious in Singapore

Written by The Uptake Published on   1 min read

SGX is taking a step to energize its bourse.

Hey. It’s Brady.

You may have heard by now that the Singapore Exchange is changing its rules to allow SPACs to list on its mainboard. The motivation is clear: this new framework is meant to give SGX a boost so it can break a dry spell. The bourse has hosted only three IPOs this year, and its ranks are populated mostly by real estate and financial institutions.

Just consider how Sea Limited didn’t list at home and headed to the New York Stock Exchange for an offering in September 2017. For years, there has been a mismatch between Singapore’s status as an international business hub and its lackluster stock exchange.

Will SGX’s move accomplish what the exchange is setting out to do? There are doubters, but at the same time, improvements are possible only by taking the first step toward change. Khamila unpacked these nuances yesterday. Check it out.

Daily Roundup


Auto loading next article...