Singtel is considering a dual listing of its data centre arm, Nxera, on both the Nasdaq and Singapore Exchange (SGX). This move aims to enhance Nxera's global visibility and access to capital, aligning with the recent partnership between SGX and Nasdaq to simplify cross-border listings for companies with market capitalisation of S$2 billion and above.
Nxera, Singtel's regional data centre arm, has been expanding its footprint across Asia. In February 2026, it opened DC Tuas, Singapore's highest power-density data centre, with 58MW of AI-ready capacity, bringing its total capacity in Singapore to 120MW.
The proposed dual listing is expected to provide Nxera with greater access to global capital markets, facilitating its expansion plans and enhancing its competitive position in the rapidly growing data centre industry. However, the dual listing process involves regulatory approvals and compliance with the listing requirements of both exchanges, which may present challenges.
Investors and stakeholders will be closely monitoring the progress of this initiative, as it could significantly impact Nxera's growth trajectory and the broader data centre market in Asia.