Deskera hopes to draw more tech listings to SGX with its Catalist IPO

Singapore

THE Singapore stock market has a surprising lack of large tech companies and one software firm wants that to change - starting with its own proposed listing on the Catalist board.

Shashank Dixit, chief executive of cloud-based business management software provider Deskera, said the company had been advised to seek an initial public offering (IPO) on Nasdaq or London's Aim exchange for smaller, growing companies, but decided to go for the Singapore Exchange (SGX) instead.

"Singapore is my home base," Mr Dixit told The Business Times over the phone on Tuesday from his office in Robinson Road in the central business district. "If there's a good story investors will come ... it doesn't matter where we list, investors will find us. In the end investors are OK if it's mainboard or Catalist, as long as the compan…