SGX-Nasdaq Dual-Listing Bridge: A New Paradigm for Cross-Border Listings
Noriko Nirei
Dec 6, 2025
(Image courtesy of the SBC website.) Introduction On September 17, 2024, SBC Medical Group Holdings (SBC), the operator of Shonan Beauty Clinic in Japan, was listed on Nasdaq through a merger with a Special Purpose Acquisition Company (SPAC), Pono Capital Two (Press Release). Initially, SBC’s valuation was set at $1.2 billion, but this was ultimately …
Today, we have the pleasure of speaking with Mr. Steven Shinmachi of Gateway Group about the means by which companies can raise capital to achieve growth. Gateway Group is an industry-leading financial communications and digital media advisory firm that provides support to companies at various stages of development, from private startups to companies listed on …
Introduction In the U.S. securities market, particularly among startup companies listing on Nasdaq, classified voting shares are widely adopted to allow founders to maintain control of the company. A well-known example is Alphabet Inc., the parent company of Google. Alphabet Inc. has issued the following three classes of stock: Class A Shares: Available to general …
Please note that the original article is in Japanese. The following is a summary of its content. Introduction: The Reality After the Bell This article (Part 2) picks up after the 2019 Nasdaq IPO of Kura Sushi USA (KSUSA), focusing on the real-world costs, human resource challenges, and investor relations (IR) strategies necessary for sustainable …
Please note that the original article is in Japanese. The following is a summary of its content. Introduction: A Dialogue on the Nasdaq Journey This article is Part 1 of an interview with Mr. Koji Shinohara, the former CFO of Kura Sushi USA, Inc. (KSUSA) who led its 2019 Nasdaq IPO and has now joined …
Climate-related disclosure rules have been under consideration in many countries around the world for the past few years, and regulations have begun to be implemented. Two years have passed since the U.S. Securities and Exchange Commission (SEC) issued a proposed rule to strengthen disclosure by public companies regarding the risks and impacts of climate-related issues. …
Quantum Accounting Welcomes Koji Shinohara as New Advisor Quantum Accounting is pleased to announce that Koji Shinohara has joined the company as a new advisor. With his US CPA qualification, extensive practical experience, and exceptional expertise, Mr. Shinohara brings invaluable new strengths to our team. After graduating from a Japanese university in 1986, Mr. Shinohara …
【NASDAQ上場】日本の審査と全然違う⁉国際会計のプロにその実態を聞いてみた【Quantum Accounting・南塚正人代表①】｜Vol.956Please take a look! If you have any questions or concerns, please feel free to contact us using the form below.
On January 24, 2024, the U.S. Securities and Exchange Commission (SEC) adopted new rules and amendments aimed at enhancing disclosures and adding investor protections in initial public offerings (IPOs) by Special Purpose Acquisition Companies (SPACs) and in their subsequent de-SPAC transactions (LINK). Background of Strengthened SPAC Regulations These changes were essentially a foregone conclusion, having …
Our Corporate Auditor, Mr. Studebaker, Esq., has co-authored the publication “Legal Aspects of Asset Management: Q&A for Practitioners.” Please take a look. Introduction: “Legal Aspects of Asset Management: Q&A for Practitioners” A must-have for professionals in the financial industry, “Legal Aspects of Asset Management: Q&A for Practitioners” has finally been published. This book is authored …
