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05-10-2019, 04:25 PM
There are a couple of other Spore-headquartered platform-based companies like Grab and Qoo10, whom are not listed as well. While they are already well known locally, unfortunately the SG market is small and each have their own challenges to expand into SEA/Asiapac. With the exception of Grab in SEA, Carousell and Qoo10 are probably going to struggle against better funded local startups/new participants when they try to scale in new markets.
Besides the dual listing option that is already available, I suspect funding parentage (eg. how involved is GIC/Temasek/EDB in terms of investment into any of their Series XX funding) might make a big difference as well. Ecosystems like exchanges need a critical mass, so i believe scarcity will actually work against an IPO candidate if they are a new market segment. We just have to look at the REIT/Trust on SGX. It probably might be either all 3 on the local bourse or none at all.
Besides the dual listing option that is already available, I suspect funding parentage (eg. how involved is GIC/Temasek/EDB in terms of investment into any of their Series XX funding) might make a big difference as well. Ecosystems like exchanges need a critical mass, so i believe scarcity will actually work against an IPO candidate if they are a new market segment. We just have to look at the REIT/Trust on SGX. It probably might be either all 3 on the local bourse or none at all.