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

Benjamin Cher

Benjamin Cher

Published Wed, Oct 11, 2023 · 05:00 AM
    • A Nasdaq listing might seem like the holy grail for any startup, but the reality might not be as rosy as imagined.
    • A Nasdaq listing might seem like the holy grail for any startup, but the reality might not be as rosy as imagined. PHOTO: REUTERS

    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.

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