SGX-Nasdaq Dual-Listing Bridge: A New Paradigm for Cross-Border Listings
Noriko Nirei
Dec 6, 2025
On September 6, 2018, the Nikkei (Nihon Keizai Shimbun) published an article titled, “Pepper Food Service Files for Nasdaq ADR Listing.” According to the article, the company filed a registration statement for its American Depositary Receipts (ADR) with the SEC on September 4. Pending approval from the SEC and Nasdaq and the completion of necessary …
A Company with Zero Revenue Conducts an IPO on Nasdaq In May of this year (2018), a Singaporean pharmaceutical company, ASLAN Pharmaceuticals, conducted an IPO on Nasdaq. For the 2017 fiscal period immediately preceding its IPO, ASLAN had zero consolidated revenue and a pre-tax loss of $40 million (approx. 4.0 billion JPY, converted at $1=100 …
(C)2013, The NASDAQ OMX Group, Inc. In August 2013, the listing ceremony for UBIC, Inc. (now FRONTEO, Inc.) was held at the Nasdaq MarketSite in New York’s Times Square, where the “Closing Bell” was rung to symbolize the listing. UBIC had officially listed in May of that year. This was the first Nasdaq listing by …
NTT DoCoMo and Kyocera delisting from NYSE in 2018 In April 2018, NTT DoCoMo delisted its ADR from the New York Stock Exchange (NYSE). This follows Nippon Telegraph and Telephone Corporation’s (NTT) (holding company of the NTT Group) delisting from the NYSE in April 2017. In February 2018, Kyocera announced that it was also delisting …
As of today, Quantum Accounting joined the Japan Cryptocurrency Business Association as an affiliate member. We will continue our strive to support the growth of the cryptocurrency and blockchain industry through our accounting and auditing services.
Wishing Everyone a Happy New Year! May all your dreams, wishes, and KPI targets come true. Quantum Accounting Team, Tokyo 2018
We posted an analysis of the Exposure Draft on the Accounting for Virtual Currencies released by the ASBJ on our Japanese blog, which can be viewed here. This could very well be the first official stab an accounting standard-setting body has taken in outlining the accounting rules for cryptocurrencies. If you would like a full English translation …
I just wrote up a piece for start-up companies thinking of going IPO in Japan. [infogram id=”da76f975-0c4e-4ade-9c10-4f477275e25b” prefix=”Xlc” format=”interactive” title=”IPO in Japan (For Start-ups)”] Growth stage start-ups are a good match with the Mothers Market so I summarized the recent trends and listing requirements, focusing on Mothers. Send us a quick message using the contact …
SEC proposed changes to Regulation S-K Summarized to the Bits SEC issued proposed changes to Regulation S-K. This proposal does not change significantly the current disclosure requirement, however, this revision of Regulation S-K includes a number of minor revisions and thus it is the most extensive revision in 30 years since its issuance. It seems …
Welcome to Our Website! We’re very excited to announce that we just launched our official Quantum Accounting Inc. website! The image that we chose for our top page is a view of Manhattan from Brooklyn. We think of New York as being one of our roots; it’s where our CEO, Masato Minamizuka, started his career as …
