
Global Trade Wars? More Like Global Trade Bores!
Alright people listen up! Tony Stark here reporting live from my latest escapade of reading financial news. Apparently some Chinese companies are planning IPOs dual listings and share placements in Singapore. Why you ask? Well it seems the whole 'global trade tension' thing is driving them there. Honestly it's like watching two toddlers fight over a toy except the toy is the global economy. I'd rather be inventing new toys like a suit that makes you breakfast! Jarvis remind me to patent that.
SGX: From Zero to (Maybe) Hero?
So Singapore Exchange (SGX) is hoping this will give them a boost. They've been 'struggling to attract mega listings,' which sounds like a personal problem to me. Maybe they should try adding more glitter? Or a giant 'Stark Industries Approved' stamp? Anyway with only four IPOs this year they're lagging behind Hong Kong which apparently had 71. 71! That's almost as many suits as I have... almost.
Southeast Asia: The New Frontier (For Business Not Space)
These Chinese companies are apparently looking to tap into the Southeast Asian market amidst the trade war with the U.S. Jason Saw from CGS International Securities says that inquiries about listings on SGX 'shot through the roof' after Trump ramped up his trade actions. Figures everyone wants a safe place. It's like when I need a quiet weekend I head to my Malibu mansion well before it became an unscheduled fireworks display.
Singapore: The Switzerland of the East?
Pol de Win from SGX is calling Singapore an 'important gateway' for trade and business activity from China. Apparently listing in Singapore is an 'important component' of that. Translation: everyone wants a piece of the action and Singapore is the cool neutral kid in the playground. Although let's be honest I'd make a much better gateway. Imagine Stark Tower as a literal gate. Now that's innovation!
Tax Rebates and Political Stability? Sounds Boringly Appealing.
Singapore is trying to sweeten the deal with measures like a 20% tax rebate for primary listings. Ringo Choi from EY is saying that Singapore's 'political stability and neutral stance' should appeal to companies. Political stability? Neutral stance? Sounds like a snooze fest. I prefer a little chaos personally. Makes things interesting! But hey to each their own. More money for me!
The Future is... Unclear (But Probably Involves Me)
Despite all this some people don't think Singapore will close the gap with Hong Kong anytime soon. Apparently Singapore's investors are 'relatively conservative,' and their listing requirements are 'stricter.' Oh well. And a Singapore based multinational software company thinks it needs to be easier for technology companies to list. But fear not because whatever happens I'm sure I'll be involved somehow. After all who doesn't want a little Stark magic in their portfolio? JARVIS invest in Singapore! …and buy me a shawarma.
Janebabes
This whole trade war thing is such a headache. Can't we all just get along?
jamie548
I agree, it needs to be easier for tech companies to list in Singapore.
cipriannyc
Singapore's political stability is definitely a plus for companies looking for a safe haven.
killermike215
Stark Tower as a literal gate? Now that's something I'd pay to see!