New IPO rules-of-the-game for the Intelligent Island
(Singapore) - Singapore's Monetary Authority (MAS) is introducing new measures on initial public offerings (IPOs) July 1 mainly focussed on enhanced disclosure for investors.
The move is also seen by MAS as an enabler of a greater variety of investment products to be offered to the markets, including bond issuance where issuers will be able to make multiple offers under a debenture issuance programme.
Fund managers will also be allowed to offer foreign funds directly to the public, instead of, more expensively, solely through feeder funds.
Fund managers will also be allowed to offer foreign funds directly to the public, instead of, more expensively, solely through feeder funds.