Better tech stock valuations on public market vs private market
Private firms tend to use US benchmarks for valuations; local market influences how much a company is worth
Add BT as a preferred sourceClaudia Tan HS
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Singapore
AS tech stocks continue to rally amid the ongoing pandemic, founder and managing partner of Novo Tellus Capital Partners, Loke Wai San, is seeing better valuations in Singapore's public market than in the private market.
Founders of tech companies in particular tend to benchmark their private companies against those in the United States, Mr Loke said, and therefore demand higher valuation multiples. Mr Loke was speaking on a webinar for members of the Singapore Venture Capital and Private Equity Association (SVCA).
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