Singapore Exchange (SGX) Group and Nasdaq are preparing a cross-border listing framework intended to make dual listings between Singapore and the United States more straightforward, according to their joint press release. The initiative, named the Global Listing Board, is planned for launch around mid-2026 and targets companies with a market capitalisation of at least S$2 billion.
The exchanges state that the design centres on allowing issuers to use a single set of offering documents for listing on both venues. The proposed framework seeks to align Singapore’s prospectus requirements with U.S. standards, with the goal of reducing duplicate filings and cutting the time and cost involved in navigating two regulatory regimes. Final implementation details are still subject to regulatory processes in both jurisdictions.
The Global Listing Board forms part of broader efforts under Singapore’s Equities Market Review Group to attract more listings and improve access to growth capital. The press release points to complementary measures, including initiatives from the Review Group and the Anchor Fund @ 65, aimed at supporting high-growth companies seeking public-market financing in Singapore.
Improving market connectivity
According to the announcement, institutional investors in Singapore have expressed support, viewing the model as a way to improve market connectivity and broaden access to capital. Statements from SGX Group, Nasdaq, Singapore’s Equities Market Review Group and Temasek emphasised the potential for closer ties between the two markets and the importance of governance and disclosure standards in maintaining investor confidence.
