Wikborg Rein Sees More Listings in Singapore

Last week, Wikborg Rein provided an outlook for listings in Singapore in 2010. The Norwegian law firm pointed out that a large part of market capitalisation has been eroded by the privatisation of several listed companies but it expects to see a greater number of listing candidates, both in primary and secondary in Singapore this year. In view of the Memorandum of Understanding (MoU) signed between Singapore Exchange (“SGX”) and Oslo Børs on 8 July 2009 to promote dual listings on the two markets and an improving global economic outlook, Wikborg Rein believes that secondary listings of Oslo-listed companies will receive increased attention.

For those IPO aspirants, Wikborg Rein has the following advice.

- Companies contemplating primary listings on the SGX should commence the process sooner rather than later due to the proposed changes to the listing rules in Singapore which will, inter alia, tighten the admission requirements and raise the minimum issue price. In this regard, timing is the key for any company which wishes to list on the SGX – the candidate should either decide to do so quickly before the changes take place, or wait until the new regime is in place.

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