Singapore’s exchange (SGX) reported record annual revenue of $1.17 billion in fiscal year 2026, up 14%, following a series of market reforms introduced in 2025. These measures, including tax rebates for newly listed companies and a government injection of 1.5 billion Singapore dollars into the local equity market, led to a 3.5x increase in IPO listings: 21 offerings raised $3.2 billion, compared to just 6 listings generating $20 million the previous year. The dual listing partnership with U.S. exchange Nasdaq, platform called Global Listing Board (GLB) operational since June 29, aims to reduce friction for companies seeking access to global capital, with a focus on high-growth companies with a nexus to Asia.
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