The Singapore Exchange (SGX) has announced a strategic partnership with Nasdaq to facilitate dual listings for companies by 2026, as revealed in a post on X by Nasdaq. This collaboration aims to create a harmonized framework that bridges the U.S. and Singapore markets, enhancing cross-border access for investors and increasing liquidity in both exchanges.
Key to this initiative is the introduction of a Global Listing Board, designed to streamline the listing process for eligible firms, particularly large-cap stocks valued at over S$2 billion. This will allow companies to list simultaneously on SGX and Nasdaq, providing broader exposure to institutional and retail investors globally.
The Monetary Authority of Singapore (MAS) is actively involved, having released a formal announcement on November 19, 2025, detailing the completion of the Equities Market review and the partnership's regulatory alignment. MAS has allocated S$30 million from the Financial Sector Development Fund to support grants for corporate strategy, investor relations, and capital optimization as part of a value unlock package to boost Singapore's equity market competitiveness.
Quotes from executives underscore the significance: Loh Boon Chye, CEO of SGX, emphasized that the partnership reduces friction and complexity for companies seeking dual listings, while Adena Friedman, CEO of Nasdaq, described it as a first-of-its-kind venture for firms with an Asian footprint aiming for global exposure. The partnership is expected to kick off in mid-2026, pending regulatory approvals.
Market context highlights Singapore's efforts to revitalize its equity market, with IPO momentum picking up—raising over S$2 billion in 2025—and average daily turnover surging 16% year-over-year to SG$1.53 billion in Q3 2025, the highest since Q1 2021.
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