By Mak Yuen Teen There’s a phrase that when life gives you lemons, you make lemonade. I hope that this is not the philosophy of the Singapore Exchange (SGX), which has given investors quite a few lemon IPOs over the past few years, and especially in the past year. This has further soured investors’ sentiments, already severely dented by corporate scandals, spectacular collapses and controversial delistings. Copyright for cartoon belongs to Mak Yuen Teen There is the case of Y Ventures, the data analytics-driven e-commerce firm, which listed on Catalist in July 2017, that in January this year announced material errors in its unaudited results for the six months ended 30 June 2018. The largest error was related to inventories and it turned out that it was using Excel to reconcil