SpaceX, Sea and Grab debut as SGX’s first US SDRs
[SINGAPORE] Singapore depository receipts (SDRs) of three US-listed companies – Grab, Sea and SpaceX – will begin trading on the Singapore Exchange (SGX) when the market opens on Wednesday (Jul 22).
The new additions mark the first US-listed SDRs trading on SGX. Including them, the bourse now offers 38 SDRs across four markets – namely Thailand, Hong Kong, Indonesia and the United States.
In a statement on Tuesday, SGX said the move gives retail investors a simpler way to gain exposure in Singapore dollars to some of the world’s leading companies, spanning the digital economy, e-commerce and payments, as well as frontier sectors such as artificial intelligence and space exploration.