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EQDP’s expansion to pre-IPO private firms could boost listing pipeline: observers

This will give such companies access to growth capital, and prepare them better for public markets

Ranamita Chakraborty
Published Mon, Mar 16, 2026 · 07:00 AM
    • Early-stage investment allows institutional investors to understand potential listing candidates well ahead of their market debut, says a market player.
    • Early-stage investment allows institutional investors to understand potential listing candidates well ahead of their market debut, says a market player. PHOTO: ST

    [SINGAPORE] Allowing private companies to tap the Monetary Authority of Singapore’s (MAS) Equity Market Development Programme (EQDP) could strengthen the pipeline of listings, noted industry observers.

    The proposal comes as a newly formed workgroup supported by MAS and the Ministry of Trade and Industry seeks to enhance the city-state’s growth capital ecosystem.

    Established last month, the group aims to bridge the gap between private funding and public listings, creating a smoother pathway from the venture capital stage to initial public offerings (IPOs).

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