🌉 Dual-listing highway: From 2026, Asian companies with at least SGD 2 billion in market cap can list simultaneously on Nasdaq and SGX. One prospectus is enough, and a harmonised rulebook replaces duplicate regulatory reviews.
💰 Best of both worlds:Growth companies can now tap US liquidity while reaching Asian investors during local trading hours. US investors also gain access to Asian scale-ups that previously weren’t SEC-ready.
🇺🇸 US market booster:In Q1 2025, 58% of all US IPOs came from foreign companies, many from Asia. Chinese firms now hold a combined market cap of USD 1.1 trillion — USD 250 billion more than at the start of 2024.
💰 Family Office firepower:Since Singapore cut approval times for family offices and tax incentives to around three months, private wealth has boomed. New tech IPOs now meet far stronger demand right at home.
🔧 Market comeback: Singapore’s IPO market rebounded in 2025, raising over SGD 2 billion, led by REIT listings. DBS expects nearly double that in 2026. Meanwhile, the MAS is injecting another SGD 2.85 billion via BlackRock and other asset managers to boost liquidity.
Big Picture
Singapore wants the exchange upgrade Hong Kong has been promising for years: a bridge between Asia and the US that halves capital friction, time, and regulatory workload.
Traditionally, Asian tech unicorns fled to the US because valuations were higher. Nasdaq and the S&P 500 trade at far richer multiples than Asian and European indices — and daily liquidity exceeds USD 600 billion.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
