Singapore’s bid to be a listing destination of choice

Singapore’s bid to be a listing destination of choice

27 September 2021
The Business Times- Singapore

Would Singapore’s recent package of initiatives, including new rules allowing SPACs to list, turn it into a tech IPO hub? Leon Perera, Chief Executive Officer of Spire Research and Consulting shared his thoughts with The Business Times, Singapore.

On 17 September 2021, Singapore’s Ministry of Trade and Industry announced a package of initiatives aimed at helping aspiring tech firms raise pre-IPO (initial public offering) and IPO funding, and defray costs. The Ministry hopes to attract local and global high-growth and high-tech companies to list on the Singapore Exchange.

In his comment, Leon agreed that these initiatives were a positive step towards unlocking investor funds from, and stimulating start-up growth in, the ASEAN region, which forms the natural catchment for Singapore-based special purpose acquisition companies (SPACs). High-growth companies can have quick and early access to the benefits of an IPO through SPACs. However, SPACs alone are not the solution to reviving liquidity in the country’s bourse. Leon also reminded investors of the importance of asset diversification.

To read the article on the Business Times, click here. This article requires a user subscription. 

For media enquiries, please contact:

Marie Teo
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (65) 6838 5355