INTERNATIONAL: SGX Group to Introduce Global Listing Board in Landmark Partnership with Nasdaq

Thursday November 20 2025

On 19^th November 2025, SGX Group (Singapore Exchange) and Nasdaq, Inc. (NDAQ) announced a partnership to simplify dual listings in the United States and Singapore, enabling companies with a market capitalisation of S$2 billion and above to access global capital, investors and liquidity through a harmonised cross-border listing framework that bridges the two markets.

Scheduled to go live around mid-2026, this Global Listing Board deepens collaboration between both markets, fostering a transparent and efficient environment for global capital formation. Companies will find it easier to pursue a dual listing on both Nasdaq and SGX, while reducing friction, complexity and cost. A key feature is the streamlining of regulatory obligations and fundraising across the Pacific Ocean, through a single set of documents and simplified review process.

New Era for Cross-Border Capital Raising

The proposed Global Listing Board aligns with the broader efforts by the Singapore Government’s Equities Market Review Group to strengthen the attractiveness of Singapore’s stock market to investors and companies seeking to list and access growth capital.

The proposed regulatory framework will seek to establish a set of prospectus disclosure requirements in Singapore that are comparable to the U.S., to allow for the use of a single set of offering documents for the dual listing. The framework is subject to finalisation of implementation details and completion of relevant regulatory processes. More details will be released in due course, in time to facilitate the scheduled go-live of mid-2026.

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