Stefanie Yuen Thio was quoted in The Business Times by Navene Elangovan.

The journalist interviewed eight people including Stefanie, who represent various stakeholders in the capital market, on what changes they wished to see in the new stock exchange.

Stefanie commented on how poor trading valuations are “the single biggest problem” on SGX, and good companies choose to list on another exchange for better valuations while existing listings on SGX go private if they feel that they are not getting the valuations they deserve. She mentioned that TSMP handles many potential IPOs that tend to falter at the last minute because market conditions are not favourable or the valuation the underwriters give them is not high enough.

Stef also suggested that sovereign wealth funds mandate their portfolio companies which are seeking IPOs to apply for either a primary or secondary listing in Singapore.