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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

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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    Grab CEO Anthony Tan has purchased shares worth US$30 million, filings to the US Securities and Exchange Commission show.

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