Dear readers, I always hold the view that the Singapore market is limited in size and for a company to grow, it is tempting to look overseas.
But when it comes to overseas, venturing abroad brings with it, a fair share of challenges too in relation to operating in a foreign landscape.
As Singapore attracts one of the lowest number of IPOs this year (just 4 IPOs), there are 15 Singapore companies that list directly on the US bourse this year.
But is it greener on the other side of the grass?
As of 23 Dec 2024, the following are the performance to-date of the 15 US-listed Singapore based companies this year:
HomesToLife: 113.68%
Rectitude Holdings: 61.28%
Super Hi International Holdings: 28.62%
Springview Holdings: 18.82%
BrilliaA: 0
Mobile Health Network Solutions: -95.97%
JBDI Holdings: -94.23%
Ryde Group: -92.35%
SKK Holdings: -87.69%
Premium Catering: -80.13%
Tungray Technologies: -62.86%
Orangekloud Technology: -58.77%
SAG Holding: -56.76%
Trident Digital Tech Holdings: -42.56%
YY Group Holding: -32.41%
As we can see from the above list, there are more SGX listed companies that are now trading below water.
Notwithstanding Singapore’s small market, I would still think it is beneficial for Singapore companies to list here on SGX to enjoy home advantage and establish a strong base before considering a dual US listing.