atans1

Lesson for S’pore and SGX from HK, NY

In Financial competency on 27/04/2019 at 4:27 am

Talking about tech IPOs

when the time comes to go public, London usually loses out to New York and Hong Kong β€” places where locally tethered funds are fatter, exogenous effects are less esoteric and armies of private punters can be relied on to buy on hype.

FT

S’pore has the same problems as London. Most of the institutional money here is from overseas groups, while our retail investors only want safe securities like Hyflux perps and preference shares.

  1. “armies of private punters can be relied on to buy on hype” is v good for the IPOs but not necessary good for investors. Nevertheless, the principal difference between NY and HK on one hand and London on the other is the former allow individual pension accounts to buy stocks whereas in London the accounts can mostly only buy managed funds. Both of which leaves Singapore even further behind.

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