This proposal by the SEC continues a bipartisan trend dating back to 2020 of scepticism among some US political figures towards international companies listed in the US. This trend could prompt international companies to reassess listing their securities in the US and explore alternative listing locations in response to the proposed changes.
Singapore's IPO market may be poised for renewed interest on the back of recent regulatory proposals from the US Securities and Exchange Commission (SEC).
The SEC has proposed updating, walking back, and possibly eliminating the system used by foreign companies listed in the US capital markets. This includes 45 Singapore-headquartered companies, such as Grab, Shopee, and Haidilao International, as well as 266 companies headquartered in mainland China, Hong Kong, or Macau, to efficiently access public markets in the US.
