SGX broadens its horizons as a multi-asset exchange

SGX chief executive Loh Boon Chye says the exchange is working with overseas partners to attract listings and offer firms a bridge between East and West, in order to cement itself as Asia's top multi-asset exchange.
SGX chief executive Loh Boon Chye says the exchange is working with overseas partners to attract listings and offer firms a bridge between East and West, in order to cement itself as Asia's top multi-asset exchange.ST PHOTO: DESMOND WEE

It steps up efforts to woo tech, new economy firms through tie-ups with Tel Aviv, Nasdaq

While funds raised from initial public offerings (IPOs) have been on the wane, the Singapore Exchange (SGX) hopes to attract more listings through partnerships with the Tel Aviv Stock Exchange and Nasdaq.

SGX chief executive Loh Boon Chye said: "IPOs allow for a mature company to profile its brand, and to reach out to more investors... But if you are just an IPO market, you won't serve a broader need.

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A version of this article appeared in the print edition of The Straits Times on March 18, 2019, with the headline 'SGX broadens its horizons as a multi-asset exchange'. Print Edition | Subscribe