Stop all the clocks: Singapore has finally logged a corporate IPO. When Nanofilm Technologies International starts trading this Friday, it will be the first such listing of any consequence in three and a half years.
Singapore Exchange has had a long-standing and worsening problem in its equity markets.
On the primary side, most of the big blue-chip candidates have already listed; the next generation of companies, particularly those on the tech side, either head straight to Nasdaq or don’t bother listing at all because of the widespread availability of private capital.
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