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Singapore Unveils SGXNasdaq Dual-Listing Bridge to Attract Large Asian Issuers

The framework would let eligible companies use a single prospectus for concurrent listings to reduce cross-border friction.

Overview

  • MAS and SGX announced a proposed bridge with Nasdaq for simultaneous listings, targeting companies valued at S$2 billion or more with a launch goal around mid-2026.
  • Issuers would rely on a US‑comparable prospectus, and dual‑listed shares could be settled on either SGX or the US exchange.
  • MAS introduced a S$30 million Value Unlock programme to bolster corporate strategy, capital optimisation and investor relations at listed firms.
  • Six more managers were appointed to deploy S$2.85 billion under the S$5 billion Equity Market Development Programme, lifting total allocations to S$3.95 billion across nine firms including BlackRock, Eastspring and Lion Global Investors.
  • Market-structure reforms will add incentives for market makers, enable broker custody accounts and cut board lots to 10 units for securities above S$10, with an implementation committee co‑chaired by Chia Der Jiun and Loh Boon Chye to oversee rollout.