Southeast Asia is ushered in a booming era. This area has bred a number of fastest -growing economies in the world and is forming a vibrant entrepreneurial ecosystem.However, although Singapore has a vibrant entrepreneurial atmosphere, seeking stable capital or public offering equity is still a big challenge.

Last year, in the case of global financing, Singapore still led Southeast Asia with a investment amount of up to $ 6.1 billion (about $ 8.231 million).However, in the year when the global public listing was full of challenges, Southeast Asia ’s first public -selling shares (IPO) market raised a total of 5.8 billion US dollars last year, but Singapore only contributed $ 35 million of it.Compared with the prosperity of the financing prosperity of the US startup and the IPO market, this gap has aroused concerns in the industry.

In the past 20 years, Granite Asia has successfully promoted the listing of 29 companies, and the total market value of the IPO has reached 548 billion US dollars.This excellent capital operation ability is exactly what we want to cultivate and grow on the hot soil in Southeast Asia.

Pay attention to the market gap

In today's macro environment, the company is maintaining the nature of private enterprises for a long time.This leads to a problem -if there is no dynamic public offering equity market, can an international financial center be maintained?

Although the private equity market can provide the company with initial risk capital and professional knowledge, this is only half of the entire system and cannot completely replace the function of the public offering equity market.Companies relying on private equity funds must eventually obtain more long -lasting financial support through the public offering market and provide investors with the liquidity of funds.The circulation of funds in the private equity market can form a virtuous cycle, and the release of funds can be reused in new startups and growth companies.

At the same time, if there is a lack of vibrant and smooth public offering markets, it may lose the basic bond between a country's economic growth and employment value chain, and it will restrict investors to seize the local emerging opportunitiesAt the same time, the transparency of related companies decreases.

The integration of

Private and public equity markets will solicit new talents for future companies and help the founding team to promote the company's scale.By absorbing industry elites with large -scale business or listed companies, Singapore has further consolidated its position as a talent gathering center. At the same time, it has also expanded its own attractiveness to the field of entrepreneurs' spirit to professional management and capital market professional knowledge.

Not well known is the importance of price signals in trading in listed companies.These data are a kind of public resources.For example, the price of listed companies is found to provide valuable information for private companies and private investors.

Looking for "Big Fish"

Southeast Asian unicorn company with a valuation of less than $ 5 billion has faced a problem for a long time: lack of a "natural" belonging place.Although markets such as the United States are a suitable stage for some companies, not all companies can adapt, especially those smaller companies.In these large markets, these smaller companies have neglected risks and it is difficult to maintain investor interest.Therefore, sometimes it is more conducive to the company's competition in the "big fish in the small pond".

In addition to the scale, companies operating in this area are also different from their peers in other parts of the world because of various factors.Faced with global challenges such as artificial intelligence, employment, climate change, and energy transformation, the situation in Asia shows its unique appearance.Therefore, we need to provide solutions to those innovative startups.

Investors who seize these unique opportunities will valuation from Southeast Asian companies from different perspectives, and will not simply compare the performance of these companies with similar companies listed on other exchanges.In fact, the so -called "comparable" company does not have true comparability.

Singapore has all elements of the source of risk capital, covering the patient capital of early, growth, and even long -term investment.Our capital pool brings together a group of ready -made institutional investors, including family offices, pension funds and asset managers.At the same time, we have also seen that more and more innovative companies, which are favored by private equity funds, are ready to go to the public capital market in the near future.

As a group of reliable investors and ecosystem builders join hands together, we can create a solid passage to help local companies successfully complete the transition from the private equity market to the public offering market, so as to be international investors interested in the region, Broaden investment channels.

Granite Asia together with 65 Equity Partners, Star show banking, Singapore Economic Development Bureau Investment Company, Information and Communication Media Development Bureau, Private Equity Investment Company KKR, Private Equity Investment Company Northstar Group, Singapore Industry and Commerce Federation,And the Singapore Exchange jointly launched the NextGen Tech 30 program.As the first public -private cooperation project that focuses on growth companies in Southeast Asia, it is committed to providing a platform for innovative startups and technology companies to enhance their popularity and attract investment, thereby promoting their rapid growth.

We expect local companies to continue to take root in Singapore and surrounding areas.In this regard, we will work unremittingly to work together to support these companies with like -minded partners.Whether they are in the early stages of their first exposure, or the time to go public in the capital market, we will always support it.

From the private equity market to the public offering market, it is not just the capital raising process. It is also related to cultivating innovation, deepening the talent pool, promoting economic growth, stabilizing the important position of financial centers, creating common prosperity, and creating a brightness for everyoneThe future.Our goal is to gather the power of public offering and private equity markets to support the next generation of entrepreneurs and business leaders.However, we cannot complete this mission alone, but we must work together.

Author Li Hongwei is a senior management partner of Granite Asia

Huang Yaolong is the chief financial officer of the Singapore Exchange Group.