The bourse’s effort to woo Chinese firms comes as they face greater regulatory and delisting risks stateside, prompting a hunt for alternative venues including Switzerland. Listing plans globally this year have waned with investors deterred by high inflation and rising interest rates. Companies that have delayed offerings for units in the Southeast Asian city-state include big-ticket names such as Thai Beverage Plc and Olam Group.
Singapore Exchange sees more listings in coming months by Chinese issuers that already trade American depository receipts, even as it grapples with delayed deals amid a global valuation slump.
Following Nio Inc.’s technical listing in May, investors can expect others will follow suit, Chief Executive Officer Loh Boon Chye said in an interview. If market conditions are supportive for the rest of the exchange’s fiscal year through June, “there would be fund-raising, but if they are not as conducive, it will be a technical secondary listing,” he added.
