SGX sets mandatory public tranche for IPOs

Singapore’s stock exchange requires mainboard IPOs to set aside 5% of the shares for public investors — a move designed to bolster retail participation.

SGX sets mandatory public tranche for IPOs

The Singapore Exchange SGX will require companies seeking to list on the mainboard to allocate at least some of their IPO shares to retail investors, hoping that increased retail participation could help bolster trading activities and improve market liquidity.

The rules, which come into effect on May 2, will require listing companies to reserve either 5% of the shares on offer or S$50 million $35 million of the deal to retail investors whichever is lower....

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