As COVID-19 roils markets, Singapore’s Indies Capital expects to get busy

Indies Capital managing director Harold Ong

The novel coronavirus has had a staggering impact on financial markets worldwide. It sent public equities in a freefall, forcing governments around the world to announce massive stimulus plans.

In the private markets, deal flow has just about dried up. Industry players recount stories of funding term sheets being pulled and M&As on hold as market jitters and uncertainty drive investors into cash conservation mode.

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