ECF platform: 'Is S'pore ready to value startups?'
Singapore
WHILE an overall positive addition to Singapore's entrepreneurial and financing landscape, the new equity crowdfunding (ECF) platform proposed by Singapore Exchange (SGX) and venture capital and incubation firm Clearbridge Accelerator on Monday elicited investment and demand concerns that led to market watchers pondering a bigger question: Is Singapore ready to value startups?
Said Stefanie Yuen Thio, joint managing director at TSMP Law Corporation: "This platform will be a strategic opportunity to bridge the gap between old school market participants - who still think in terms of price-earnings ratios - and the business giants of tomorrow, the tech companies."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Philippines’ PLDT in talks to sell up to 49% of data centre business to Japan’s NTT
Infineon launches savings programme as weak demand persists
MAS ‘following up’ with DBS on cause of May 2 glitch in digital banking services
Nintendo to announce Switch successor details this financial year
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Aramco to pay US$31 billion dividend as Saudi posts budget deficit