Singapore Exchange Takes on Hong Kong With Dual-Class Shares

Bourse operator will consult on rules this quarter: SGX CEO
Move follows a similar plan announced by Hong Kong exchange

Men ride on an escalator past an electronic screen and ticker board displaying stock figures at the Singapore Exchange Ltd. (SGX) headquarters in Singapore, on Thursday, Jan. 19, 2017. The SGX has tendered a 4.75% stake in the Bombay Stock Exchange for sale in an initial public offer, valuing its shares at S$42.8m to S$42.9m, the exchange said in a filing today.Photographer: Ore Huiying/Bloomberg

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By Andrea Tan

January 22, 2018 at 1:54 AM UTC

Updated on

January 22, 2018 at 9:38 AM UTC

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Singapore Exchange Ltd. said it will allow companies with dual-class share structures to list, a month after Hong Kong announced a similar proposal, as competition between markets for technology listings becomes increasingly fierce.

SGX will consult on the rules this quarter and expects the first listing “soon after,” Chief Executive Officer Loh Boon Chye said Friday at the company’s quarterly earnings briefing.