“Priorities change in a company’s life cycle — growth, transformation and expansion is still very much on the agenda, but there are many ways to get there, and tapping the capital markets is a viable option,” says Wong.
In 2022, the Singapore Exchange (SGX) might have set an uneasy record, with 21 companies having completed their delisting, attempted to delist, or are in the process of delisting. In contrast, 13 companies made their listing debuts, including three secondary listings of entities already quoted in other exchanges.
Christopher Wong, Singapore head of assurance at Ernst & Young, says several factors lead companies to decide whether to list or delist. Some of these factors include macroeconomic factors, corporate strategic imperatives, an abundance of liquidity, alternative funding sources, valuations and the needs and purposes of being a public company.
