CTP 6 - Private equity vs Public markets
Should a listed company remain public or return to being private?
In 2016, the total value of delistings outstripped the total value of new floats in Singapore. Prominent companies like ARA, Eu Yan Sang, China Merchants Holdings, Neptune Orient Lines, SMRT, Tiger Airways, HTL International and Sim Lian Group have gone down the path of privatization.
Is this a primer for more to come especially for those companies who consider themselves unappreciated and undervalued by the market? The ease of raising capital and the prestige of being listed do not seem to be good reasons to remain listed.
What are the merits and drawbacks of private and public companies? Besides cost, what other factors do companies consider when deciding between private and public markets? How should Singapore enhance the robustness of its regulatory regime so that the cost of adhering to regulations does not outweigh the benefits of being listed? The recent case of Osim, which delisted from SGX only to seek relisting in Hong Kong, has thrust this issue into the spotlight.
At this forum, expect to hear and debate on the different perspectives of private equity versus public markets. Speaking on the various dimensions of this subject will be a group of diverse speakers from both the listed and private equity space, including regulators, investors, lawyers, and entrepreneurs who have straddled both private and public companies.
CPD Hours : 2
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Online registration not available.