SGX inks MOI with IMDA to help accredited firms access capital markets

SINGAPORE Exchange (SGX) and Infocomm Media Development Authority (IMDA) on Wednesday signed a memorandum of intent (MOI) to streamline the pathway for fast-growing IMDA-accredited companies to leverage private and public capital markets in Singapore for expansion.

Through this MOI, both parties aim to lower the access barriers for technology companies into the capital markets. This will also hopefully catalyse more high-tech initial public offerings (IPO).

Under the MOI, SGX will also partner Accreditation@IMDA (A@IMDA) to identify key parties in the financial ecosystem to support these companies in their IPO journey, including facilitating pre-IPO funding, advising them on listing processes and preparing them for IPO listing.

Both parties will work with IPO sponsors, law and audit firms to help lower the information barriers and costs for these tech companies to list.

In addition, SGX and A@IMDA will facilitate information sharing between the financial and technology communities to enable tech companies to be better understood and better valued by investors.