SGX (Singapore): Listing Requirements and IPO Guide

Headquarters

Singapore

Region

Asia-Pacific

Market Focus

REITs & Regional Hub

Overview

Singapore Exchange operates the city-state's securities and derivatives markets. Companies list on the Mainboard or on Catalist, a sponsor-supervised market for smaller and growing companies.

Singapore is one of Asia's most important financial centres, and SGX is a leading venue for real estate investment trusts and for derivatives linked to markets across Asia.

Known For

Real estate investment trusts and business trusts
Banks, property groups and Southeast Asian companies
Catalist, where sponsors oversee listed companies
Asian equity index and commodity derivatives

Listing Considerations

The Monetary Authority of Singapore regulates the market, with SGX RegCo overseeing listings
A strong governance reputation and a common law framework
Liquidity in smaller listings has been a long-standing concern, prompting reform measures
English is the language of business and disclosure

Key Facts

Founded

1999

Operator

Singapore Exchange Ltd

Regulator

Monetary Authority of Singapore (MAS); listings overseen by SGX RegCo

Main Index

Straits Times Index (STI)

Currency

Singapore dollar (SGD)

Trading Hours

9:00 a.m. – 12:00 p.m. and 1:00 – 5:00 p.m. SGT

Market Segments

Mainboard, Catalist

Official website →

Listing Requirements

Mainboard, one of three tests: pre-tax profit of at least S$10 million in the latest year with a three-year track record (lowered from S$30 million in October 2025)
Or profitable in the latest year with a three-year track record and market capitalisation of at least S$150 million
Or operating revenue with market capitalisation of at least S$300 million
Public float of 25% and at least 500 shareholders for companies below S$300 million, scaling down for larger companies
Catalist: no quantitative financial criteria; a sponsor decides suitability

Headline Mainboard admission criteria from the SGX Rulebook (Rule 210), checked November 2026.

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