SGX and Nasdaq Partner to Simplify Dual Listings with New Global Board
Singapore, Thursday, 20 November 2025.
Singapore’s SGX and Nasdaq are collaborating to streamline dual listings, allowing companies to comply with both U.S. and Singapore regulations through a single submission, enhancing market accessibility.
Significance of the SGX and Nasdaq Partnership
The collaboration between Singapore Exchange (SGX) and Nasdaq marks a significant development in the world of international finance. This partnership is designed to simplify the dual listing process, a move aimed at enhancing the financial connectivity between the U.S. and Singapore. By mid-2026, companies will be able to submit a unified set of documents to meet the regulatory standards of both exchanges. This initiative is particularly beneficial for firms with a market capitalization exceeding S$2 billion (approximately $1.5 billion), as it reduces the complexity and costs associated with maintaining compliance across two major financial markets [1][2][3].
Implications for Market Accessibility
The introduction of the ‘Global Listing Board’ is poised to make Singapore more attractive to global firms seeking to tap into Asian growth while maintaining access to U.S. market depth. This strategic alignment between SGX and Nasdaq is expected to significantly enhance market accessibility, providing a seamless platform that facilitates price discovery and risk management around the clock. Investors will have the flexibility to transact in multiple currencies, including U.S. dollars and Singapore dollars, thus broadening the appeal of dual listings [2][3][4].
Strategic Support from Singapore’s Monetary Authority
The Monetary Authority of Singapore (MAS) is playing a pivotal role in this initiative by offering a S$30 million ‘Value Unlock’ package. This funding is intended to bolster corporate strategies, optimize capital, and improve investor relations for companies looking to dual list. Additionally, MAS is investing S$2.85 billion with asset managers in Singapore to further develop the fund management industry, thereby increasing investor participation in Singapore equities. This financial backing demonstrates a strong government commitment to supporting the local stock market and enhancing its global competitiveness [1][2].
Future Prospects and Regulatory Alignment
The planned regulatory framework aims to harmonize the prospectus disclosure requirements of Singapore with those of the United States. This alignment will allow companies to use a single set of offering documents for both markets, streamlining the fundraising process. The partnership is part of broader efforts to strengthen Singapore’s stock market, making it a more appealing destination for international investors and companies seeking growth capital. As implementation details are finalized, the SGX and Nasdaq will release further information to ensure a smooth transition to the new system by mid-2026 [3][4][5].