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SGX still a viable tech market

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Singapore has missed clinching some hot tech listings from companies groomed on these very shores, but the Singapore Exchange (SGX) still has more to offer than people realise, a senior official has said.

Mr Chew Sutat, SGX head of equities and fixed income, told an exchange event yesterday: "The US, we do acknowledge, is a great market for tech today. There are companies like Snap that have no profits that can actually raise quite good money.

"But in Asia today, there isn't a single market that is a pre-eminent market for technology." He was speaking to the media on the sidelines of the SGX-CIMB Disruptors' Day yesterday.

Earlier this week, investors heard that Singapore-based Sea, formerly Garena and reportedly South-east Asia's most valuable start-up, had filed for an initial public offering in the United States.

Local biotech firm Aslan Pharmaceuticals is planning to debut on the Taipei Exchange next month.

In recent years, a number of smaller local tech firms have also opted to launch their IPOs in Australia. - THE STRAITS TIMES

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