SGX sets rules for dual listings with Nasdaq at S$2bn
SGX announced rules for its Global Listing Board to facilitate simultaneous listings on Nasdaq. Issuers must have a S$2 billion market cap to participate.
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SINGAPORE EXCHANGE LTD set rules for its Global Listing Board requiring a S$2 billion ($1.57 billion) minimum market capitalization for dual listings. The framework, developed with NASDAQ INC, streamlines simultaneous debuts in Singapore and the United States. Investors gain access to high-valuation global firms while the city-state secures at least 15% of total fundraising per deal.
