The impending IPO of Ant Financial may shift investor interest into Hong Kong, with Singapore Exchange being increasingly sidelined. Our own IPO scene may hot up with around five or so IPOs planning to list before the end of the year.

See also: Jack Ma's Ant Financial joins race for Singapore digital banking licence

It appears increasingly likely that a mega IPO like Ant may lead to the Straits Times Index remaining stuck within a narrow range. In the week of Oct 12–16, the STI moved sideways, gaining a mere point week-on-week to end at 2,533.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook