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These Spore-based companies looked for greener pastures overseas, but didn't really fatten up and so they got domesticated again. IMHO, the working group chaired by Chee Hong Tat need to have a KPI of getting these mentioned Spore-based companies to relist again on SGX.
Is PropertyGuru’s delisting good for South-east Asia’s tech scene?
This is the second deal this year involving the take-private of a US-listed, Singapore-founded tech company. In June, business process outsourcing firm TDCX delisted from the NYSE at an offer price of US$7.20 per share.
In 2022, Singapore-based gaming hardware firm Razer delisted from the Hong Kong Stock Exchange after a disappointing share price performance as a public company.
For example, GoTo’s shares continue to trade near all-time lows, despite improvements in its financial performance. Might this be the next opportunity for a savvy PE investor to team up with insiders and mount a take-private offer?
With a market value of around 62.5 trillion rupiah (S$5.3 billion), GoTo would be a far bigger fish to catch than PropertyGuru. Yet, with Asia-Pacific PE dry powder of around US$639 billion as of December 2023, a take-private offer for GoTo is certainly feasible from a financial perspective.
https://www.businesstimes.com.sg/compani...tech-scene
Is PropertyGuru’s delisting good for South-east Asia’s tech scene?
This is the second deal this year involving the take-private of a US-listed, Singapore-founded tech company. In June, business process outsourcing firm TDCX delisted from the NYSE at an offer price of US$7.20 per share.
In 2022, Singapore-based gaming hardware firm Razer delisted from the Hong Kong Stock Exchange after a disappointing share price performance as a public company.
For example, GoTo’s shares continue to trade near all-time lows, despite improvements in its financial performance. Might this be the next opportunity for a savvy PE investor to team up with insiders and mount a take-private offer?
With a market value of around 62.5 trillion rupiah (S$5.3 billion), GoTo would be a far bigger fish to catch than PropertyGuru. Yet, with Asia-Pacific PE dry powder of around US$639 billion as of December 2023, a take-private offer for GoTo is certainly feasible from a financial perspective.
https://www.businesstimes.com.sg/compani...tech-scene