Tel Aviv and Singapore Stock Exchanges Launch Technology Partnership

by David Kimberley
  • The partnership will foster capital raising for technology companies trying to access Asian markets
Tel Aviv and Singapore Stock Exchanges Launch Technology Partnership
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The Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE) announced today that they have formed a partnership aimed at fostering capital raising opportunities for companies. The partnership between the two exchanges will put a heavy on emphasis on capital raising for technology companies.

Commenting on the move, SGX’s CEO, Loh Boon Chye, stated: “Our partnership with TASE complements SGX’s efforts to strengthen our technology sector, as well as Singapore’s ambitions to be a global technology and R&D hub. We look forward to collaborating with TASE to help companies raise funds on SGX’s international platform, while jointly strengthening our ecosystems and broadening investors’ accessibility to these companies.”

Israel is well renowned for its entrepreneurial prowess. The small country has the highest density of startups, venture capital investments and largest R&D spending per capita in the world.

Singapore has a similarly impressive record in nurturing business and technological development. The city-state is consistently ranked as one of the best places in the world to do business and has governmental policies in place aimed at developing start-ups and technology companies.

A match made in heaven

The partnership between the SGX and TASE will see the exchanges aiding technology firms seeking capital funding in Asia for global or Asian expansion. Both exchanges will help these technology firms by assisting them during the pre-listing stage and streamlining the listing process.

Companies will also be able to list themselves on both the SGX and TASE, allowing for greater reach and access to potential investors. The exchanges have also said they will use their different networks and platforms to support tech companies after they have been listed on the two exchanges.

Ittai Ben-Zeev, TASE’s CEO, praised the new partnership, saying: “The partnership agreement between TASE and SGX creates a unique value proposition for Israeli tech companies. For the first time, Israeli companies will be able to raise funds on both markets simultaneously. Dual-listing or performing a simultaneous IPO on both exchanges can assist Israeli issuers in increasing Liquidity and gaining attractive valuations from a broad Asian investor base while ensuring domestic demand

The Singapore Exchange (SGX) and Tel-Aviv Stock Exchange (TASE) announced today that they have formed a partnership aimed at fostering capital raising opportunities for companies. The partnership between the two exchanges will put a heavy on emphasis on capital raising for technology companies.

Commenting on the move, SGX’s CEO, Loh Boon Chye, stated: “Our partnership with TASE complements SGX’s efforts to strengthen our technology sector, as well as Singapore’s ambitions to be a global technology and R&D hub. We look forward to collaborating with TASE to help companies raise funds on SGX’s international platform, while jointly strengthening our ecosystems and broadening investors’ accessibility to these companies.”

Israel is well renowned for its entrepreneurial prowess. The small country has the highest density of startups, venture capital investments and largest R&D spending per capita in the world.

Singapore has a similarly impressive record in nurturing business and technological development. The city-state is consistently ranked as one of the best places in the world to do business and has governmental policies in place aimed at developing start-ups and technology companies.

A match made in heaven

The partnership between the SGX and TASE will see the exchanges aiding technology firms seeking capital funding in Asia for global or Asian expansion. Both exchanges will help these technology firms by assisting them during the pre-listing stage and streamlining the listing process.

Companies will also be able to list themselves on both the SGX and TASE, allowing for greater reach and access to potential investors. The exchanges have also said they will use their different networks and platforms to support tech companies after they have been listed on the two exchanges.

Ittai Ben-Zeev, TASE’s CEO, praised the new partnership, saying: “The partnership agreement between TASE and SGX creates a unique value proposition for Israeli tech companies. For the first time, Israeli companies will be able to raise funds on both markets simultaneously. Dual-listing or performing a simultaneous IPO on both exchanges can assist Israeli issuers in increasing Liquidity and gaining attractive valuations from a broad Asian investor base while ensuring domestic demand

About the Author: David Kimberley
David Kimberley
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About the Author: David Kimberley
  • 1226 Articles
  • 19 Followers

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