Singapore Establishes Dual Listing Link With Nasdaq
Singapore envisions a further deepening and expansion of its equities market via new linkages with the Nasdaq for dual listings.
The Monetary Authority of Singapore (MAS) has established a dual listing bridge to connect the Singapore Exchange (SGX) and Nasdaq in the US to form a new board, according to a statement.
The board, which the MAS hopes will go live in mid-2026, will target «quality growth companies in Asia» with a market capitalization of S$2 billion ($1.5 billion) or more, which have «an Asian nexus and global ambitions» to raise capital from investors in both markets. The two exchanges have made proposals, subject to regulatory processes, that include the use of a single set of offering documents to reduce regulatory friction and costs.
«This provides a direct and harmonized pathway for companies to simultaneously access capital and liquidity across North America and Asia,» the MAS said.
Equities Market Review
The new bridge is part of a set of measures rolled out by the Equities Market Review Group which completed its stock examination and released a final report.
Other measures announced include the launch of a S$30 million package to help listed companies unlock shareholder value and deepen engagement, the appointment of a second batch of asset managers under the S$5 billion Equity Market Development Program (EQDP) and various enhancements including the strengthening of market making, modernization of post-trade custody and reduction of board lot size.
S$2.85 billion will be placed with the second batch of asset managers, which includes Amova Asset Management (formerly Nikko Asset Management), AR Capital, BlackRock, Eastspring Investments (Singapore), Lion Global Investors and Manulife Investment Management (Singapore).
