Nasdaq and SGX sign pact for collaborative listings

Singapore Exchange Ltd and Nasdaq Inc announced a pact on Oct 18 that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators’ namesake exchanges.

The tie-up would help fast-growing Asian companies to list on the SGX and subsequently pursue a Nasdaq listing as they expand globally, SGX Chief Executive Loh Boon Chye said in a statement.

SGX and U.S.-based Nasdaq – which are also in a long-term market technology partnership – are gauging interest among companies that could seek a concurrent or sequential listing on both the SGX and the Nasdaq, the exchange operators said.