Singapore Eyes Listings as China Firms Hedge Political Risk
- Listings on bourse may more than double in next five years
- SGX in talks with China and Southeast Asia issuers: Pol de Win
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Singapore Exchange Ltd., which has seen stock listings dwindle over the years, is betting on a reversal in fortunes as companies in China look to hedge political risks and Southeast Asia’s unicorns seek to tap the market, according to a top executive.
The bourse may see 30 to 40 first-time and secondary listings annually within the next five years, Pol de Win, SGX’s head of global sales and origination, said in an interview -- more than double the average of about 13 listings a year since 2017. SGX is stepping up talks with Chinese firms that are seeking alternatives to a US or Hong Kong listing as well as to raise their profiles in Southeast Asia, he said.