SINGAPORE (Reuters) -The Singapore government on Friday unveiled a S$1.5 billion ($1.1 billion) fund as part of a package to attract listings to the city-state’s stock exchange, aiming to boost its exposure to the region’s booming tech sector. The co-investment fund of the government and state investor Temasek will provide late-stage private finance and investment for initial public offerings (IPOs) on Singapore Exchange. While Singapore is considered one of Asia’s leading financial and business hubs, its bourse has struggled to capture big regional IPOs and has seen a wave of delistings. “As more of our start-ups mature into regional and global companies, having a vibrant home equity market becomes more pertinent,” he said. “The timing is right for this,” said Vinnie Lauria, a founding partner at Singapore-based Golden Gate Ventures, about the new funding.

Source: MetroXpress September 17, 2021 00:45 UTC