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HOCK LOCK SIEW

A targeted approach to attracting tech companies may work best for SGX

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Raphael Lim

Raphael Lim

Published Tue, Mar 21, 2023 · 05:50 AM
    • SGX has tried to improve its attractiveness with various initiatives, including allowing dual-class shares and special purpose acquisition companies.
    • SGX has tried to improve its attractiveness with various initiatives, including allowing dual-class shares and special purpose acquisition companies. PHOTO: BT FILE

    EARLIER this month, UK-based semiconductor company Arm said it would be pursuing its primary listing only in the US this year – taking London out of the picture.

    The decision was seen by many as a blow to UK politicians, who were reportedly working hard to land the blockbuster initial public offering (IPO). Arm was dual-listed in London and on the Nasdaq before being bought out by SoftBank Group in 2016.

    Arm reportedly has not ruled out a potential secondary listing in London down the road.

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