Staying listed in the US could prove to be a rough ride for Singapore companies

RIDE-HAILING startup Ryde and personal-finance comparison platform MoneyHero Group are the latest in a string of Singapore-linked companies to seek a listing in the US markets.

But, as one market observer puts it, these companies risk “falling between two stools”. As a small fish in a big pond, some of these Singapore companies could fail to raise adequate capital from the market and garner interest among investors to buy into the stock.

In a preliminary prospectus lodged on Aug 31, Ryde indicated that it intended to raise up to US$17 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE).