SGX exploring crowdfunding platform for startups: sources

Singapore

The Singapore Exchange (SGX) is exploring the feasibility of an equity crowdfunding platform for early-stage companies, and has formed a team focused on small and medium-sized enterprises (SMEs), industry sources told The Business Times.

Former SGX head of issuer regulation Mohamed Nasser Ismail is leading the effort. With his move, SGX has restructured part of its regulatory arm, dividing the functions by listing and post-listing instead of Mainboard and Catalist. Heading initial public offering (IPO) admissions now is Frieda Choong, while former head of Catalist regulation June Sim now leads listing compliance.