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Wednesday, June 6, 2018

SGX is snubbed by another local IPO aspirant.

https://www.channelnewsasia.com/news/technology/myrepublic-garners-s-80-1m-in-fresh-funds-reveals-hk-ipo-plans-10386548

After losing Razor IPO to HK, SGX is losing another local IPO aspirant to HKEX.  This goes to show that SGX is no longer attractive to IPO aspirants because of its low liquidity which engenders a low valuation.

Sigh!

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