New initiatives to revive SGX timely and targeted, but structural issues remain

WITH a dearth of tech names on its local bourse, Singapore has been missing out on the chance to capture a slice of what has become one of the hottest themes in global equity markets.

This could begin to change with the city-state's move to set up two new funds which tie funding for late-stage startups with a view to a listing on the Singapore Exchange (SGX), startups, investors and analysts have told The Business Times. They described it as a timely move which addresses the need for strong anchor investors and quicker pathways to public markets.

Change could come soon, with SGX chief executive officer Loh Boon Chye revealing yesterday that the exchange's first Spac (special purpose acquisition company) listing could materialise in a matter of weeks.