Singapore’s Vision to Attract Tech Listings Met With Skepticism
- Singapore makes dual-listing framework easier for Nasdaq firms
- ‘Remains to be seen if it will be a game-changer’: DBS’s Lim
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With its new pact with Nasdaq Inc., Singapore Exchange Ltd. has thrown its hat into the ring to attract listings from the world’s hottest sector. But skepticism abounds over whether this strategy will succeed.
The Singapore exchange on Tuesday said it will extend its partnership with the tech-focused bourse to make documentation easier for firms seeking a second listing in the city-state. The deal heightens rivalry with Hong Kong as the north Asia hub launches a tech index for its 30 biggest stocks, analysts said. SGX shares fell 2.3% in the trading session following the release.