Singapore’s bourse reported a 14% jump in yearly revenue to $1.17 billion, after the country rolled out a series of market reforms in 2025 aimed at revitalizing its sluggish stock market. The measures, which included tax rebates for newly-listed companies and a government-led injection of 1.5 billion Singapore dollars into the local equity market, have paid off.
The Singapore Exchange (SGX) saw a 24.6% increase in net profits in FY2026, and its 21 new IPO listings raised a total of $3.2 billion. The IPO reboot seems to have the greatest effect in year-over-year change: the six listings the year before raised just $20 million.
“We achieved a milestone year, delivering our highest ever full year revenue and earnings,” Daniel Koh, the CFO of SGX, said during a results briefing on Aug 6. “This strong performance was built on structural market changes and focused execution.”
At the heart of SGX’s refresh is a dual listing partnership with U.S. stock exchange Nasdaq, which allows companies to simultaneously raise capital on both exchanges using a single set of offering documents. The new platform, called the Global Listing Board (GLB), went live on June 29, after a bill establishing the framework for dual-listing arrangements was passed in Singapore’s parliament.
