Singapore is doubling down on its efforts to make the city-state’s stock market more attractive for companies and investors.
The country’s bourse has tied up with the Nasdaq to simplify dual listings in the U.S. and Singapore, introducing a “Global Listing Board” for companies with a market capitalization of more than 2 billion Singapore dollars (about $1.5 billion).
The “Landmark partnership” is aimed at enabling firms to “access global capital, investors and liquidity through a harmonized cross-border listing framework that bridges the two markets,” according to a statement released by the Nasdaq and the Singapore Exchange late Wednesday.
A key feature, the SGX said, would be the streamlining of regulatory obligations and fundraising with a single set of documents and simplified review process by mid-2026. So effectively, the companies will only need to fill a single set of paperwork fulfilling the regulations on both exchanges.
Speaking to CNBC’s Martin Soong, SGX CEO Loh Boon Chye said that this benefits investors, because it’s a dual listing across different time zones.
