Singapore's tech IPO push unlikely to be a game-changer

SINCE it became easier for investors to buy stocks overseas, it's become more challenging for the Singapore Exchange to attract international listings. The bourse operator is looking to fight the disruption by becoming the venue of choice for technology companies. While that may boost initial public offerings, it's hard to see the golden days returning.

SGX won approval on Monday from its listing advisory committee to allow dual-class shares. The looser rule caters especially to technology companies such as Alibaba, which ch…