SGX Faces Pressure to Position Itself as a Key Listing Hub for Startups and Tech Firms

As the Monetary Authority of Singapore (MAS) Review Group examines strategies to revitalise the country’s stock market, industry experts are speculating that Budget 2025 could introduce key initiatives to enhance the Singapore Exchange’s (SGX) appeal, especially for tech firms and startups.

Market observers believe that to regain momentum, SGX needs to form stronger partnerships within the tech ecosystem and implement targeted initiatives to make the exchange more attractive to tech IPOs.

Regional competitors, such as the Indonesia Stock Exchange, have already made significant strides in this area, successfully drawing tech giants like GoTo, as well as e-commerce platforms Bukalapak and Blibli, to list on their markets. In light of this, experts suggest that Singapore must take decisive steps to ensure it doesn’t fall behind in attracting high-growth tech companies to its bourse.