what i feel is were suddenly losing out to hong kong whats the plan well there are many means to raise capital well we wish that various measures in september of this year we announce a multi agency effort with the creation of the various funds bank ipo is in singapore were seeing a good pipeline from various sectors including new economy companies and the reason obviously continues to be popular we are optimistic that the ipo is coming in the months ahead talk to us about the new pipeline give us a sense how many how big are these going to be like 500 million dollar ipo ise billion dollar ipo is in a dozen to dozens well to be in the hundreds of million and so in the unicorns above a couple of million dollars and were seeing good broad array of companies across the different sectors and with hopefully conducive market conditions many of these companies will be able to tap capital via the single flagship and it would be massive mainly from southeast asia these companies are appearing in singapore across the board southeast asia we also have companies outside of asia now suspects one of the most exciting areas singapore hong kong jumping on a bandwagon but it does seem like the specs momentum is slowing down your take on that specs has been around for quite a while over two decades the euphoria is recent well that is a means of no means for a company to tap the market i think for our prospects listening framework it will be interesting for investors looking at asian businesses asian companies and the region continue to still lead global growth i think theyll be companies that could come ipo aspects here that some companies have filed confidentially give us a sense of how soon the first one will come on board we have a good pipeline i would say who are still actively talking to potential sponsors if market conditions hold we hope to have the first spark ipo either by the year or early next year now youve had bolt on acquisitions for fake data for indices give us a sense of the kind of acquisitions youd be making in the next twelve months because you recently raised 150 million dollars where will the money go to where pivoted to a multi asset exchange as a strategy the covid19 pandemic has shown us that markets are even more interconnected than ever before so international investors really want to access markets globally across asset classes so weve expanded the quiet and deepened various asset classes we have a strong balance sheet yes indeed we tap the bond market with offers made a body issue that is to supplement and complement the opportunities that we see that well continue to acquire we have different capability in 2022 would that be a good year for you to make a huge acquisition and im not sure what sound that were hearing but dont panic is all ok 123 2 is it a good year for you to make a big acquisition weve done a series of acquisitions over the last two years well continue to look at the opportunities that brought in the capabilities of that firm and our services if the opportunities come along with this and particularly through the tree we will not be shy and the few opportunities earlier on i talked about the competition from hong kong and youre seeing that competition from hong kong stock futures contracts the two to the 50 how do you think how do you think sgx should be positioned to counter this competition we have a efficient access into all of the asian markets across different asset classes and on top of that very comprehensive product suite for investors to invest into china from equities in the form of food safety and commodities in currency and also in the fixed income space in the chinese government more than the etf and last year we did theyre worthless in putting liquidity from one index provider through another from a suite of contracts and a new series of contracts so i think investors look towards our platform for efficient access into asia we know that footsie is mulling expansion of underlying china index to 100 stocks from 15 what whats the outcome foresee is that this consultation that consultation thats concluded im sure would see starting to rest once this carefully and well take on volatile market feedback now in terms of what investors can expect offshore access to chinas domestic stock market i mean what are we looking at china is a big market that offers tremendous opportunities you will continue to expand it international ise and i think the market domestically and offshore will continue to grow and office investors are flocking to look at you know joy when you take a look at the market is quite interesting how the stock market in particular has been testing new highs after new highs is there a sense that theres too much optimism euphoria even among investors i think one key consideration is the view around what inflation is transitory are we seeing inflation likely to stay high for a while and if central banks in particular in the us starts to normalize policy i think they could be expecting volatility in the months ahead whats your take on inflation with the destruction that were seeing in the supply chain and obviously global growth rebounding i think inflation is probably going to be high for a while and probably central banks in some key developed markets will have to start to normalize policy just one final question before we let you go were seeing a trend of retail investors pumping in liquidity into the markets most of these investors are first time invested we have not experienced a downturn are you concerned that that could be a lot of pain well many of the service providers intermediaries are also playing a part themselves investor education and i think many of these investors are also doing their homework when they invest in the equity markets so i hope we dont see a very sharp immediate downturn but if markets have time to adjust i think the market will be able to sustain the pools of capital going in