Economic Affairs

Dual-class shares a useful addition to SGX's listing strategy

Hong Kong may have snared a mega IPO with Chinese smartphone maker Xiaomi under its dual-class structure, but Singapore's focus is broader and aiming for a range of companies

ST ILLUSTRATION : MIEL

Singapore's financial sector was watching closely from the sidelines last week when the Hong Kong stock exchange pulled off a US$54 billion (S$73.6 billion) listing coup.

It came in the form of Chinese smartphone maker Xiaomi, which splashed its way onto the exchange in what was one of the year's most highly-anticipated initial public offerings (IPOs) since Alibaba in New York in 2014.

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A version of this article appeared in the print edition of The Straits Times on July 18, 2018, with the headline 'Dual-class shares a useful addition to SGX's listing strategy'. Subscribe