Trans-cab, Singapore’s second-largest taxi operator said on 17 Nov 2014 that it was scrapping its planned initial public offering (IPO) a day before its shares were due to start trading. The reason was the additional insurance that it would need to pay which amounted to $$1.83 million. So what does the scrapping of Trans-cab IPO mean for Singapore Investors? Pretty much, I believe the scrapping of Trans-cab IPO would not be welcome by Singapore investors who have or are thinking of subscribing to the IPO with the thinking to keep the Trans-cab IPO shares for long so that they may become good performers like ComfortDelgro shares.

But I would think that the scrapping of Trans-cab IPO may not be good for Singapore Stocks Exchange more as a whole than Singapore stocks investors. Already, we have the penny stocks saga of 2013, the electrical power-outage and now we can have …