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📈 Singapore startups flock to Nasdaq despite challenges. Ohmyhome and Simpple raised < $20M in IPOs, with shares down post-listing. Nasdaq's association with Big Tech attracts companies, and lower entry barriers make it feasible for smaller players. 🌍 Nasdaq offers three tiers. Large companies join Nasdaq Global Select Market, mid-tier in Nasdaq Global Market, and smaller firms in Nasdaq Capital Market. Ohmyhome and Simpple are in the lowest tier. 🚀 Nasdaq is less prescriptive, allowing companies to list without profitability. However, challenges include risk of being lost in the crowd among 3,000+ listings and the need to navigate legal nuances and higher ancillary costs. 💰 Companies must weigh costs, underwriting fees (higher than Singapore), and a lengthier review process. Disclosure transparency is crucial in a litigious market, avoiding over-promising to mitigate the risk of class action lawsuits. ⏳ Listing on Nasdaq requires a good equity story, confident execution plans, and effective communication with investors. Despite challenges, the allure of Nasdaq persists for its association with tech giants. This article was published in October 2023.

Singapore firms’ love affair with Nasdaq continues despite post-IPO heartaches

Singapore firms’ love affair with Nasdaq continues despite post-IPO heartaches

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