Singapore expected to be on the rise as firms' listing destination outside home market: PwC poll

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WHILE the top listing destinations that issuers will consider beyond their home exchange in 2030 are New York, London and Hong Kong, interest in Singapore is on the rise, driven by an increasing focus on South-east Asian markets, a PwC survey has found. Read more at The Business Times.

Tham Tuck Seng, capital markets leader at PwC Singapore, said: “We expect that SGX’s reputation as the most international exchange will remain intact given its pro-business approach. Together with the country’s stable political landscape, transparent regulatory environment and the relatively low volatility of the Singapore dollar, it gives companies good reasons to consider listing on the SGX.”

The latest survey also highlighted the change in sentiment from 2011, when respondents predicted that the Shanghai Stock Exchange would lead by 2025, followed by New York Stock Exchange, the Indian exchanges and Brazil’s Bovespa. Ross Hunter, PwC Global IPO Centre leader, said that excessive optimism about emerging markets has been tempered by political and market realities."Expectations are now for a more closely run race between developed and emerging markets exchanges," he added.

Liquidity remained the top priority when choosing a listing location. There is also an increase in the focus on valuations and concern about the costs of listing . PwC anticipated that technology will continue to be a significant driver in the future of public companies. Increasing efforts by leading financial centres to win over technology and"new economy" companies will continue to intensify competition between the New York and China exchanges in particular, said the audit firm.

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