LETTER TO THE EDITOR ·
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Minimum trading price on mainboard: Ultimate aim should be S$1

THE article "MTP Rule - a move in the right direction" (BT, Oct 6) gave a diversity of views from many industry leaders on the proposed move to have a minimum trading price (MTP) for the mainboard of Singapore Exchange (SGX). Most are in favour of this move and gave positive reviews.

One point worth noting is that all initial public offers (IPOs) heading for the mainboard of SGX must have a minimum issue price of S$0.50. Along the way, many of these IPOs have not done so well, and have fallen below...

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