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SGX Tie-up with Nasdaq to Streamline Dual Listings Among Moves to Boost Singapore's Equities Market
The new Global Listing Board aims to ease cross-border capital access and liquidity for Asian issuers with market caps of S$2 billion or more, launching by mid-2026.
- On Nov 19, the Monetary Authority of Singapore announced a partnership with the Singapore Exchange and Nasdaq to build a Global Listing Board allowing concurrent listings for companies with market capitalisation of S$2 billion.
- The MAS review group led by Chee Hong Tat said the 2024 Equities Market Review Group aims to revive Singapore's stock market by attracting Asian issuers through US-Singapore liquidity.
- S$30 million will fund grants from the Financial Sector Development Fund, while MAS has deployed S$3.95 billion under the Equity Market Development Programme, including S$1.1 billion to the first batch and S$2.85 billion to six asset managers.
- Companies may soon be able to concurrently list on SGX and Nasdaq, giving issuers access to capital across Asia and North America and enabling cross-market settlement of dual-listed shares.
- An implementation committee co-chaired by Chia Der Jiun and Loh Boon Chye will oversee rollout, with Mr Chee saying, `But we must, while we're doing this, also remind ourselves that we've got to be prepared to take some risks, calculated risks`.
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SGX tie-up with Nasdaq to streamline dual listings among moves to boost Singapore's equities market
The proposal is still subject to the completion of relevant regulatory processes. If successful, companies interested in an IPO can use a single set of offering documents to list on both exchanges concurrently.
·Singapore
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SGX partners Nasdaq to introduce Global Listing Board
SGX Group (Singapore Exchange) and Nasdaq, Inc. announced Wednesday a partnership to simplify dual listings in the United States and Singapore, enabling companies with a market capitalization of S$2 billion ($1.53 billion) and above to access global capital, investors and liquidity through a harmonized cross-border listing framework that bridges the two markets. SGX said in a statement that scheduled to go live around mid-2026, this Global Listi…
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