MAS is offering the above grant (termed Grant for Equity Market Singapore, GEMS) to support private and public equity markets listing in Singapore Exchange (SGX). This is slated to roll out in Feb 2019.

The grant will be used to

• defray/cover initial public offering (IPO) costs to biz
• improve research of mid- & small capitalized companies by partly funding salaries of new graduates hired as equity analysts by securities firms.

Other improvement to attract listing of regional and global firms in SGX includes

• new rules to allow companies to list dual-class shares/stocks. This allows for different shares that is offered to public versus founders, executives and family; both types have different voting rights/benefits (investopedia). E.g. Ford with 4% ‘family’ class shares (of total equity) control 40% voting rights.

References

• Business Insider (14 Jan 2019)