Industry watchers split over move on dual-class shares
One camp says it makes SGX attractive for IPOs; the other is wary about the safeguards and setting a precedent
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Singapore
NOW that the Singapore Exchange (SGX) has opened up the issue of dual-class share listings, it seems inevitable that a significant portion of the market will be disappointed, whichever way the regulations head.
Those supportive of allowing dual-class structures point to the potential for SGX to beat out its rivals in attracting initial public offerings (IPOs), especially for high-profile tech companies, and to the various safeguards proposed that would help to address governance risks.
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