Singapore companies’ love affair with Nasdaq continues despite post-IPO heartaches

SINGAPORE-based companies continue to flock to the Nasdaq exchange in the United States, even though data shows it is tough for smaller players to win investors there.

Two tech-enabled startups from Singapore recently made surprising moves to list on the Nasdaq: property platform Ohmyhome and facilities management platform Simpple.

These initial public offerings (IPOs) raised less than US$20 million combined, and neither have performed well since listing.