Allowing dual-class shares still not enough to lure in international businesses: Bloomberg

Most tech firms usually consider NASDAQ, NYSE first.

Bloomberg revealed in a report that the Singapore Exchange's move to allow dual-class shares for its public companies has invited the scrutiny of executives and asset managers who say that it "won’t be enough on its own to lure international businesses."

“Technology companies would typically first consider the Nasdaq and New York Stock Exchange, and then the Hong Kong stock exchange,” noted Chua Kee Lock, chief executive officer of Vertex Venture Holdings Ltd., a unit of state investment firm Temasek Holdings Pte.

Read the full report here.

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