Tiger Brokers’ market strategist James Ooi said high-profile, quality IPOs attract fund flows and improve investor sentiment.
“Softer post-listing performance may naturally test retail investors’ patience and prompt companies to reconsider their IPO timing and listing strategy,” he said.
Still, he pointed to a steady pipeline of listings ahead, with companies from a wider range of sectors likely to draw investors with different mandates – making for a more vibrant market over time.
Asst Prof Goh said he “would not overstate the impact of a few weak listings”, since a market’s reputation is built over a cycle.
“Having consistent long-term post-listing performance, not first-day pops, is what actually matters,” he said.
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