Singapore still falling short for home-grown biotechs seeking IPO
Tough SGX mainboard listing rules, low liquidity, lack of deep institutional investor pool and sparse research ecosystem among reasons cited
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HOME-GROWN biotech companies would rather look for opportunities further ashore than list on the Singapore Exchange (SGX). Although the city-state has a growing biotech ecosystem, the local bourse has not been able to benefit much from it.
Industry players who spoke to The Business Times brought up issues of low liquidity, the lack of a deep institutional investor pool and a sparse research ecosystem as reasons why they would look elsewhere.
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