Stefanie Yuen Thio was quoted in The Straits Times by Kang Wan Chern, in an article on the streamlining of prospectus disclosures to draw more IPOs.

Stefanie was quoted saying that the granularity with which IPO prospectuses are reviewed, with multiple rounds of comments and questions, has been a longstanding grouse in the market, so it is a good thing that the new proposals will centre on financial and management integrity. While IPO aspirants will still need to make a full disclosure, a lot of friction will be taken out of the process.

She noted that under the new regime, investors will have to make more informed and considered decisions and must be prepared to seek recourse in the event of inadequate or wrongful disclosure, which also means that the law must change to give investors more easy access to information and improved levers to enforce against bad companies.