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Singapore's first fintech listing will be litmus test for risk appetite

The government's goal to nurture technology start-ups puts focus on valuations

SINGAPORE (NewsRise) -- The Singapore Exchange could see its first financial technology listing by mid-year, a development that will indicate just how much risk the city-state's investors are prepared to take with fast-growing technology firms that seek high valuations before turning a profit.

Ayondo, which provides social trading and brokerage services, expects to complete its "reverse takeover" of a small Singapore-listed property developer in May this year, chief marketing officer Sarah Brylewski said on Tuesday at an SGX forum on investing in social network companies.

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