ASX listings are becoming increasingly popular for tech startups in Southeast Asia. Malaysia’s Catcha Group has successfully floated three companies on the exchange, while mobile social network MigMe is also present on the ASX and Singapore-based data archiving service Dropsuite is among those waiting to list this year.
The ASX has come under fire for enabling unprofitable and unproven companies in the tech space to go public, something that analysts have said devalues the exchange and its companies. In response to that, it has proposed a new series of rules to clean up listings.
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