Have capital markets lost their relevance as more S'pore firms turn to private markets?

The move comes as companies try to avoid volatility brought on by the ongoing Russia-Ukraine crisis, inflation, slowing growth and higher interest rates. ST PHOTO: LIM YAOHUI
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SINGAPORE - Companies here are adopting a wait-and-see approach in public fund-raising deals and are instead turning to private markets to raise funds for now.

The move comes as they try to avoid volatility, which is due to a combination of factors such as the ongoing Russia-Ukraine crisis, inflation, slowing growth and higher interest rates.

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