Singapore tries to give its flagging stock market a kickstart with a link to the NASDAQ, allowing firms to easily list in both places | Fortune
Briefly

Singapore tries to give its flagging stock market a kickstart with a link to the NASDAQ, allowing firms to easily list in both places | Fortune
"China and Hong Kong have massive populations of active retail speculators who drive high daily turnover, while Singapore's retail base is smaller, more conservative and prefers dividends and bonds,"
"The higher liquidity and volumes in HKEX attract high-frequency traders, creating a cycle that boosts valuations and attracts more IPOs."
"With the Global Listing Board, companies can access the best of both worlds-U.S. market depth and Asian growth in a streamlined pathway,"
The SGX-NASDAQ dual listing bridge will commence later this year, enabling firms to list in both the U.S. and Singapore. The bridge aims to revitalize Singapore's stock exchange and attract IPOs and deals that have favored other regional bourses. The arrangement offers Southeast Asian companies access to deep U.S. capital markets while maintaining brand recognition in the region, and allows U.S. firms to extend trading hours and strengthen regional presence. The partnership broadens investment options amid geopolitical uncertainty. Singapore's exchange suffers low liquidity, with average daily turnover of $1.4 billion versus $29 billion on HKEX.
Read at Fortune
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