Nasdaq(US:NDAQ) Sou Hu Cai Jing·2025-11-25 02:06Core Insights - The Singapore Exchange (SGX) and Nasdaq have announced a milestone collaboration to launch the "Global Listing Board," aimed at creating a cross-border dual listing framework connecting the US and Singapore capital markets [1][2] - The platform will allow companies to submit a single set of listing documents to achieve dual listing in both Singapore and the US, set to launch in mid-2026, targeting companies with a market capitalization of at least SGD 2 billion (approximately USD 1.5 billion) [1] - This initiative is expected to reduce friction, complexity, and costs associated with cross-border listings, facilitating easier access to global capital and liquidity for companies at various stages of development [1] Summary by Categories Collaboration and Framework - SGX and Nasdaq's partnership aims to create a new cross-border financing landscape through the Global Listing Board [1] - The platform will streamline the listing process by implementing unified document requirements and simplified review procedures [1] Benefits for Companies - Companies can achieve dual listing in both markets with a single application, saving 3-6 months in the listing process [2] - The initiative enhances investor structure by connecting North American institutional investors with high-net-worth individuals in Southeast Asia, improving stock liquidity and valuation stability [2] - It provides a mechanism for risk hedging, allowing companies to mitigate the impact of policy changes in a single market that could lead to significant stock price volatility [2]