Tech firms will dominate the SGX as Singapore’s Smart Nation vision takes shape

They’ll make up 15% of total market cap by 2025.

If Singapore succeeds in its goal to become Asia’s Silicon Valley, then the local bourse is likely to see an abundance of tech listings by the time SG60 rolls around.

CLSA estimates that tech companies will make up 15% of the SGX’s total market capitalisation by 2025, a meteoric rise from just 2% in 2015.

Singapore’s strong economic ecosystem, coupled with large pool of IT workers, will draw more startups and tech SMEs to the city-state’s shores.

The SGX’s equity crowdfunding platform will also help smaller players gain financing and transition to the mainboard.

“Singapore’s tech push and global financial standing are likely to see it reach further milestones in the years ahead,” CLSA said.