Singapore Bourse Risks More Delistings Despite New Proposals (1)

Singapore’s move to simplify the initial public offering process, part of recent measures to boost its moribund equities market, is unlikely to reverse a yearslong trend of delistings crowding out new listings, analysts say.

The Monetary Authority of Singapore on Thursday began seeking feedback on proposals to streamline prospectus disclosures for IPOs. Singapore Exchange Ltd.’s regulatory arm also proposed listings-related reforms.

“We believe that the trend of delistings will continue in the near future, driven by long-term structural challenges such as low liquidity, compressed valuations, and the growing attractiveness of private capital,” said Shekhar Jaiswal, an analyst at ...