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
Add BT as a preferred source
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.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
The bright side to the CSE Global clash
StarHub deputy CEO Matthew Williams to succeed Nikhil Eapen as chief executive
