Nasdaq, Singapore Exchange sign pact for collaborative listings

(Reuters) - Singapore Exchange Ltd <SGXL.SI> and Nasdaq Inc <NDAQ.O> announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges.

Nasdaq, Singapore Exchange sign pact for collaborative listings

Nasdaq, Singapore Exchange sign pact for collaborative listings

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.



(Reporting by Susan Mathew in Bengaluru; Editing by Sai Sachin Ravikumar)

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