https://sg.finance.yahoo.com/news/vietnam-unseats-singapore-largest-ipo-010200169.html
This is not unexpected as we've posted that SGX would find it increasingly hard to get companies to list in SG.
http://sg-stock.blogspot.com/2017/04/sgx-is-finding-increasingly-hard-to.html
The SGX today is a derivatives market and not a securities market anymore. Therefore, it is not surprising that companies do not want to list in SG but prefer to go to HK, China and US. Even a developing country like Vietnam can unseat SG. Sigh!
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