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Singapore’s Nasdaq-listed companies in the news for all the wrong reasons

Being listed on Nasdaq is no surefire recipe for continued success, as MoneyHero and MaNaDr show

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Benjamin Cher

Benjamin Cher

Published Thu, Sep 5, 2024 · 05:00 AM
    • Being listed on Nasdaq is no guarantee of continued success for a privately held startup moving to become a public company.
    • Being listed on Nasdaq is no guarantee of continued success for a privately held startup moving to become a public company. PHOTO: REUTERS

    NASDAQ-LISTED Singapore companies have been in the news recently for all the wrong reasons.

    The recent offer made by financial comparison platform MoneyHero for rival MoneySmart came as a surprise to everyone – including MoneySmart.

    MoneySmart’s founder and chief executive officer Vinod Nair said the offer was “unsolicited”, and the company followed that up with its own statement, rejecting it.

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