ENHANCING THE LISTING ECOSYSTEM
Next, Singapore may increase down on building its network of start-up and development companies. A constant supply of local businesses that want to go public can be assured by expanding initiatives like the Grant for Equity Market Singapore, the Anchor Fund@65, and increasing support for small and medium-sized enterprises eyeing a list.
Singapore should also be ramped up in efforts to make it the preferred identifying location for local start-ups. This can be accomplished by aggressive outreach to business capital and private equity firms, as well as focused tax incentives and co-investment funds to support IPOs. Pulling in more Eastern “unicorns” will build buzz and develop a critical mass of development businesses.
Third, Singapore may try to be a gateway for global investment to access Eastern growth prospects. This can be accomplished by actively promoting secondary listings of Eastern businesses that are already listed worldwide and encouraging listings of major Asian companies that are located elsewhere.
The key to fostering the right ecosystem of indicator providers, research firms, and industry makers will also be to promote investment and cost discovery in these stocks. Singapore now serves as an Eastern hub for international banks and asset managers; it may make use of these connections to encourage the participation of worldwide institutional investors.
Although a merger with another ipo might not be the best option, SGX may also benefit from pursuing strategic alliances and partnerships with other exchanges and industry participants.
For instance, SGX could discover joint ventures or mutual listing agreements with other markets in the region, such as those in Malaysia, Indonesia or Thailand. These partnerships may give businesses a way to access many markets and entrepreneur bases while still keeping their main listing in Singapore.
Third, some people have suggested that aligning the company’s major achievement indicators  more closely with the Singapore stock market’s overall growth and development may lead to positive outcomes even though the details of SGX’s inside incentive structures are not completely clear to outside observers.