|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.10 - 6.10|
|52-week range||5.45 - 7.40|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Singapore's move to launch new funds to support startups will help companies seeking IPOs, though it could take years before Singapore Exchange 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 initial public offerings. "The value proposition by the Singapore eco-system to founders and shareholders of high-growth businesses is that it will be a part of the company's journey - before, during and after the IPO," said Ho Cheun Hon, head of Southeast Asia equity capital markets at Credit Suisse.
Singapore Exchange's new rules for special purpose acquisition companies (SPACs) are likely to help it attract regional funds and fast-growing firms, as it seeks to revitalise a staid market for equity listings, market participants said. Some of them expect Southeast Asian startups, especially from the tech sector, to take advantage of SGX becoming the first Asian bourse to allow SPAC listings since the investment frenzy in SPACs started in the United States last year, although the interest is peaking there. SPACs raise money on stock markets to buy private companies, giving those businesses a quick and cheap route to a listing.
SINGAPORE (Reuters) -Singapore Exchange unveiled new rules allowing special purpose acquisition companies (SPACs) to list in the city-state, after easing some measures viewed as too strict by participants, as it seeks to tap a global trend in such listings. SGX's rules, effective from Friday, would make it the first Asian bourse to allow blank check companies to list after the frenzy seen in such investment vehicles in the United States since last year, although the popularity seems to be peaking. Following a market consultation, SGX's regulatory arm halved the minimum capitalisation requirement for SPAC listings to S$150 million ($112 million) from its proposal issued in March.