Nasdaq opens Singapore office amid IPO push
Opening tied to listing ambitions.
Nasdaq opened a new office in Singapore in a move to support efforts that deepen capital market links with the United States and attract more listings.
In opening remarks, Minister of State Alvin Tan said the office expansion builds on Nasdaq’s more than 20 years in Singapore and strengthens a long-standing relationship with the city-state and the Monetary Authority of Singapore.
Tan linked the opening to the proposed Global Listing Board, describing it as a “digital bridge” connecting Asia and the United States and part of wider work by the Equities Market Review Group to strengthen Singapore’s equity markets.
The office opening also comes as MAS pushes reforms to make dual listings with the US easier, with the Global Listing Board aimed at creating a clearer route for large companies to list simultaneously in Singapore and on Nasdaq.
Tan also pointed to broader capital-formation measures announced last week, including a $1b boost to the Startup SG Equity scheme and a $1.5b injection into the Anchor Fund, saying these efforts together would help build a stronger ecosystem for startups and companies to access capital and potentially list in future.