An issuer may apply for listing of its securities by way of introduction without any offer being made of its securities for subscription or sale, if it complies with the relevant shareholding spread requirements.

An introduction will normally be appropriate in the following circumstances:—

An introduction may not be permitted if an issuer has made an offer of securities in Singapore within six months before its listing application. An issuer is also not permitted to make any offer of securities in Singapore within three months after its listing. This rule does not apply to offers of securities that fall under Division 1, Subdivision (4) (excluding section 277) or Division 2, Subdivision (4) (excluding section 305B) of Part 13 of the SFA.

Amended on 29 October 2025.

The applicant must issue an introductory document in connection with an introduction. The introductory document must comply with the Exchange's requirements set out in Chapter 6. The Exchange may modify or waive any particular requirement if it considers it appropriate.