SGX

Push for IPO listings by high-tech firms

Singapore is making a push to attract high-growth, high-tech local and regional companies to list on the Singapore Exchange.

A package of initiatives to support such initial public offerings (IPOs) was unveiled yesterday, including a fund that the Government and Temasek Holdings will co-invest in with an initial tranche of $1.5 billion.

Trade and Industry Minister Gan Kim Yong said the initiatives - which also involve the investment arm of the Economic Development Board and the Monetary Authority of Singapore - will "blow new wind into the sails of our public equity market".

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A version of this article appeared in the print edition of The Straits Times on September 18, 2021, with the headline Push for IPO listings by high-tech firms. Subscribe