SGX-Tel Aviv pact may spice up IPO scene from H1 2019
The two exchanges want to woo mid-market Israeli startups to tap Asian capital and to go for dual listings; local investors to get wider choice
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Singapore
A UNIQUE pact inked in May between the stock exchanges of Singapore and Israel to court dual listings of capital-hungry high-tech Israeli start ups could ignite activity as early as in the first half of next year, with "dozens" more such listings expected over the next three years, the head honcho of the Tel Aviv Stock Exchange (TASE) has said.
Ittai Ben-Zeev, in an interview with The Business Times, said: "We are not talking about two or three companies undertaking dual IPOs (initial public offerings) ... we expect 30 to 50 companies to leverage over the next three years on this collaboration."
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