DBS in talks with Singapore IPO candidates, some with potential $1.35 billion valuations

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The Straits Times 5h ago

DBS in talks with Singapore IPO candidates, some with potential $1.35 billion valuations - The Straits Times

Quick Summary:

The SGX candidates were earlier keen on US listing but now reconsidering Singapore.

Mr Gan instead called for the crowding in commercial capital on a sustained basis – such as institutional wealth, individual investors and family offices – as a key measure to stimulate market interest and maintain trading liquidity.

Speaking at the SGX’s 25th anniversary ceremony on Jan 2, Mr Gan said: “While there have been suggestions to channel sovereign monies into our equities market, it is not practical to rely on sovereign monies alone to sustain these funds and to support the equity market.