Ng Shi Xuan on Securities and Futures (Amendment) Bill
The threshold for the Global Listing Board - a joint initiative of the Singapore Exchange and Nasdaq - is “very high”, at around S$2 billion in market capitalisation, said MP Ng Shi Xuan. Noting that this is aimed at a narrow group of large, mature and credible companies, he asked how many that meet the criteria are willing to take it up. He said a key constraint is whether firms see real value in listing in Singapore, given the additional requirements. The proposed focus on companies with an Asian or regional nexus further narrows the pool. In parliament on Thursday (May 7), Mr Ng also made the point that success is not how many names are on the board; it is whether real activity, real capital and real investor participation are brought into Singapore.
The threshold for the Global Listing Board - a joint initiative of the Singapore Exchange and Nasdaq - is “very high”, at around S$2 billion in market capitalisation, said MP Ng Shi Xuan. Noting that this is aimed at a narrow group of large, mature and credible companies, he asked how many that meet the criteria are willing to take it up. He said a key constraint is whether firms see real value in listing in Singapore, given the additional requirements. The proposed focus on companies with an Asian or regional nexus further narrows the pool. In parliament on Thursday (May 7), Mr Ng also made the point that success is not how many names are on the board; it is whether real activity, real capital and real investor participation are brought into Singapore.
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