Of late, the Singapore Exchange (SGX) has had to bid quite a few farewells. More companies have delisted than listed on SGX in the past two years. Companies are actively going private while new listings are choosing other destinations to list. A bit odd for a vibrant financial hub like Singapore?
Even home-grown tech giants have chosen to list elsewhere. Gaming peripherals company Razer chose to list on the Hong Kong stock exchange (HKEX) in November 2017 and Singapore’s first unicorn, SEA Ltd, listed on the New York Stock Exchange the month before.
This doesn’t bode well for Southeast Asia’s financial hub.