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Fintechs rethink IPO rush amid weak debuts, healthy funding options

IPO path for young fintech scene also eclipsed for now by Singapore market's bias towards Reits

Published Tue, May 28, 2019 · 09:50 PM

Singapore

THE stinging performance of Uber's listing on the New York Stock Exchange - just as markets turned jittery again on renewed trade tensions - should add to the caution of young fintech firms in Asia charting a path towards an initial public offering (IPO).

Add fresh venture capital funding flowing through the region and a heavy Reit bias here to the mix, and the Singapore market may still have its work cut out in attracting large fintech firms based in this region.

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