Dual class listings are a 'go' - but alone won't give SGX its edge

Singapore

ALLOWING companies with dual class share (DCS) structures to list on the Singapore Exchange (SGX) is just one of the many factors needed to make Singapore more competitive against its equally progressive regional peers in attracting blockbuster initial public offers (IPOs), experts say.

Farhana Siddiqui, partner at Withers KhattarWong, said attracting quality listings is a function of many factors. These include the exchange's understanding of an IPO aspirant's business, the flexibility of rules to accommodate different businesses, investor education, analyst coverage and experience, as well as the quality of institutional investors.