The recent joint announcements by the Monetary Authority of Singapore (MAS) and the Singapore Exchange (SGX) regarding the proposed Global Listing Board (“GLB”) have created significant interest among investors and industry players.
This initiative, which includes a “listing bridge” to facilitate dual listings on Nasdaq and SGX, has sparked a conversation about how this attempt differs from previous efforts (NYSE and SGX).
I recently shared my views with Benjamin Cher of The Business Times for their Top Story published on 22 January 2026, titled “SGX-NYSE tie-up didn’t take off, but conditions today may spell success for SGX-Nasdaq dual listing.”
A Shift in Market Sentiment As highlighted in the article, some may recall the SGX-NYSE dual-listing plans announced in July 2022. That memorandum of understanding (MOU) ultimately did not come to fruition. As I noted in the report:
“The state of the Singapore market was disappointing then, [investors] and market participants were not looking at it as a remote possibility.”
However, market conditions today are markedly different. Following the renewed vibrancy in the Singapore bourse since 2025—driven by successive announcements tied to the Equity Market Development Programme—there is a palpable shift in sentiment.
I am now observing an increase in customer interest in listing here. As I mentioned to The Business Times:
“These companies were previously considering private equity or other listing venues.”
Regulatory Streamlining This renewed optimism is supported by concrete regulatory proposals. As covered in a separate report by Yixiang Zeng of Thomson Reuters (“Singapore authorities to simplify dual SGX, Nasdaq listings”), the MAS is proposing significant reforms to minimize friction, including aligned IPO timelines and safe harbour provisions for forward-looking statements.
The Singapore market needs to sustain this upswing momentum to attract new large issuers. A dynamic, vibrant market where shares are actively traded with fluid liquidity is paramount to the success of this new Board.
My original post on LinkedIn can be seen here.