Aligning stock market ecosystem with homegrown startups is sensible economic development policy
The Singapore market may never match the size and liquidity of the US market, but that isn't the point of the government's latest initiatives
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THE big initiatives unveiled last week to steer innovative growth-oriented companies towards going public in Singapore were a clear admission by the government that the local market is indeed struggling to attract high quality listing aspirants.
This could - hopefully - put an end to the denial by some quarters that a problem even exists, and mark the beginning of a broader effort to address this multifaceted issue.
At least part of the reason our homegrown companies choose to list elsewhere is that valuations are depressed across a large swathe of the local market. This is a reflection of investor enthusiasm having been dulled by a protracted period of low returns.
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