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Singapore blank cheque debutantes may perk up investor appetite for growth investing
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The Singapore Exchange has seen its IPO pipeline drying up, with only eight IPOs last year, compared with 11 in 2020.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE - Singapore's stock market may get a makeover if blank cheque companies succeed in bringing in fast-growing tech-enabled firms that can show investors here how they can make a lot more money by trading shares for capital gains.
That would be distinctly different from what the Singapore Exchange (SGX) is known for today - a market where most investors hold shares in companies such as real estate investment trusts (Reits) that pay regular but low dividends.
