The favourable market conditions for IPOs might be coming to an end and could pose a problem for SoftBank’s Vision Fund.
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The corporate restructurings at Sembcorp Industries, Keppel Corp, CapitaLand, and SPH may only be the beginning as the healthy financial positions of Singapore’s conglomerates indicate many more are in the position to transform.
If two of Indonesia’s most valuable tech companies come together, they can take on bigger rivals. The question is whether this is too late.
The Deliveroo IPO debacle should not be seen as a barometer of future stock market listings for a few reasons.
For a very long time, Forrest Li has been somewhat of a mysterious figure unless you’re a gaming enthusiast or in the investing and start-up community. But that is now changing.
CapitaLand has said that the purpose of the restructuring is to be more asset light, which is the Holy Grail of businesses these days.
Marketing spend has already eaten into the group’s operating profit, so it doesn’t make sense to look at new ventures now.
Elon Musk has managed to turn in a profitable year for Tesla but he faces challenges in sustaining that financial growth.
Besides low tax rates, Singapore’s regulatory changes are attracting more family offices to set-up here and that could have a multiplier effect on the economy.
Razer is already a quoted company that is now answerable to shareholders who will judge its performance on traditional metrics.
Some might criticise multi-billionaire Musk for biting off more than he can chew and having his finger in too many pies.
As enticing and appealing as cash might be, the problem is that there is a cost associated with keeping it.
Sea Limited’s rapid stock rise has given it a market capital larger than any other Singapore company.