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MAS says Nasdaq-SGX dual listing board received strong support

Global Listing Board issuers only need to prepare a single set of documents to list in the two exchanges.

The Monetary Authority of Singapore (MAS) said that the planned implementation of a Global Listing Board (GLB) for dual listing arrangements on the Singapore Exchange (SGX) has received strong support, based on results of a public consultation.

Established in partnership with US bourse Nasdaq, issuers under GLB only need to prepare a single set of differing documents to simultaneously list in the two stock exchanges, MAS said in an announcement on 30 April 2026.

The GLB issuers will also be allowed to conduct pre-marketing outreach with accredited and institutional investors in Singapore. MAS expects that early engagement with investors will allow the issuers to gauge market interest of a potential listing at an earlier stage in the initial public offering (IPO) process.

The proposed framework will also permit safe harbours for GLB issuers that facilitate the publishing of forward-looking statements, the undertaking of share repurchases, and the execution of pre-determined trades.

If it works, the framework could reposition Singapore as a viable co-listing venue for large, growth-stage companies that might otherwise bypass the city in favour of a sole US listing, market experts told Singapore Business Review in an interview earlier in 2026.

“Increased issuer diversity may also enhance market dynamism and improve the attractiveness of Singapore as a listing destination,” said Gary Wan, co-head for capital markets at law firm Drew & Napier LLC.

MAS revealed results of its public consultation for the proposed amendments to the Securities and Futures Act 2001 on 30 April.

Respondents to the consultation reportedly expressed strong support for the goal of minimising friction and streamlining the IPO journey for dual listings, MAS said.

Respondents suggested ways to further harmonise regulatory requirements, primarily in the areas of investor outreach efforts, prospectus registration timing and process, and 
facilitating post-listing activities in Singapore, the central bank noted.

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