SGX-Nasdaq tie-up enabling dual listings set for mid-2026

MAS will also allocate $2.85b to six asset managers to boost vibrancy of stock market

- Benjamin Lim Correspondent and Timothy Goh

Singapore companies will have more options to list here and concurrently in the US, thanks to a new partnership between the Singapore Exchange (SGX) and Nasdaq.

A review group set up by the Monetary Authority of Singapore (MAS) to revive the local stock market announced on Nov 19 that the two bourses will collaborate to establish a “dual-listing bridge” to enable companies to access growth capital and liquidity in Asia and the US. The move is expected to facilitate greater cross-border investment opportunities.

A dual listing allows companies to list on two bourses concurrently with a single set of offering documents.

MAS said the partnership will streamline the regulatory framework, making it easier for companies to list in both countries. It aims to attract quality-growth companies in Asia with a market capitalisation of $2 billion and above that have global ambitions and strong links to Asia.

This is expected to go live around the middle of 2026.

In the meantime, MAS will work with SGX to consult on the regulatory framework for a set of prospectus disclosure requirements comparable to that in the US, which will enable issuers to use a single set of offering documents to list, cutting regulatory friction and costs.

MAS deputy chairman Chee Hong Tat said the dual-listing bridge will be most relevant for companies with operations and a customer base in Asia that want to tap into the US capital markets.

“Companies of a larger size by Singapore and Asian standards may end up becoming a smaller fish in a much bigger pond, but through such an enrichment with the dual listing, they can better reach out to investors and analysts in Asia where they have a strong Asian nexus in their operations,” said Mr Chee, who is also the Minister for National Development, and chair of the review group.