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Fortune
Fortune
Jonathan Gan

The IPO market is being re-globalized as Asia’s markets embrace dual listings and corporate governance reform

(Credit: GRAHAM UDEN FOR FORTUNE)

Asia’s companies have long traipsed to either the New York Stock Exchange or the Nasdaq for their public debuts. Southeast Asian tech giant Sea, for example, listed on the NYSE in 2017. More recently, Hong Kong– and Singapore-based travel platform Klook recently filed for a listing on the NYSE.

“Historically, we’ve been dominated by one major capital market, i.e., the U.S. and Wall Street,” said Vikram Lokur, chief executive officer (Singapore) for Morgan Stanley Investment Management, at the Fortune Innovation Forum in Kuala Lumpur, Malaysia, on Tuesday.

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