{
  "id": 12836801,
  "title": "In search of the elusive unicorn for SGX’s Global Listing Board",
  "url": "https://urgent.news/2026/10/08/in-search-of-the-elusive-unicorn-for-sgxs-global-listing-board",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T09:36:35.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/search-elusive-unicorn-sgxs-global-listing-board"
  },
  "original_language": "en",
  "account": "The Global Listing Board (GLB) partnership between Singapore Exchange (SGX) and Nasdaq aims to provide Asian tech unicorns with the benefits of the high valuation and deep institutional liquidity of US markets, while maintaining local familiarity and regional trading volumes. However, despite initial excitement, practical challenges persist. After six to nine months of preparation, the process can still be halted by various factors, including market timing and underwriting risk. Additionally, higher fundraising fees in the US compared to Singapore, along with the requirement for 15% of the total fundraising to come from Singapore, may deter some companies from pursuing a dual listing. DayOne Data Centers, for example, opted not to pursue a GLB listing despite its US$20 billion valuation, citing the complexity and resource demands. While larger companies with more resources may still pursue the best of both worlds, a realistic expectation is that a dual listing on the GLB may not be feasible for smaller companies in the near term.",
  "summary": "Will DayOne’s Nasdaq IPO eventually sit on the GLB? The fast track is not an easy one",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}