Jenny Lee and Ng Yao Loong

Singapore leads South-east Asia in startup investments with a total of US$6.1 billion in 2023, even amid a global downturn in funding. But of the US$5.8 billion raised by the region's IPO markets, only US$35 million comes from the city-state.

Bridging the gap in South-east Asia’s capital markets

There is a stark and concerning gap between Singapore’s startup investments and IPO proceeds