'Landmark partnership': Singapore's SGX ties up with Nasdaq for dual listings to boost stock market

Core Insights - Singapore is enhancing its stock market appeal for companies and investors through a partnership with Nasdaq to facilitate dual listings in the U.S. and Singapore [1][2] - The initiative introduces a "Global Listing Board" for companies with a market capitalization exceeding 2 billion Singapore dollars (approximately $1.5 billion) [1] Group 1 - The partnership aims to provide firms with access to global capital, investors, and liquidity via a unified cross-border listing framework [2] - A significant feature includes the simplification of regulatory obligations and fundraising processes, allowing companies to use a single set of documents for compliance on both exchanges by mid-2026 [3] - This dual listing approach enables continuous price discovery across different time zones, enhancing risk management for investors [4] Group 2 - The initiative is described as the "first of its kind," particularly beneficial for companies with an Asian presence seeking global exposure while maintaining a singular regulatory experience [4] - This move aligns with the Singapore government's broader strategy to boost the attractiveness of its stock market for companies looking to list and access growth capital [4]