21 July 2018
Visit www.avoka.com

Ayondo to list on Singapore Exchange

16 March 2018  |  3226 views  |  0 Source: Ayondo

Global financial technology group ayondo Ltd today announces that it has registered its Offer Document by Singapore Exchange Securities Trading Limited (“SGX-ST”), acting as agent on behalf of the Monetary Authority of Singapore, for a listing on the Catalist board of the Singapore Exchange Securities Trading Limited.

The offering of 80.77million Invitation Shares, comprises of 8.9million Offer Shares at S$0.26 each by way of public offer in Singapore, and 71.87million Placement Shares at S$0.26.

Mr. Robert Lempka, CEO of ayondo said: “We are very excited that ayondo is the first FinTech company to be listed on the Singapore Stock Exchange’s Catalist Board. ayondo aims to revolutionise the retail trading and investment space, by providing a one-stop offering and unique tools to help our clients become happy and successful investors.”

"The company is honoured to receive support from investors during the private placement exercise. We also secured investment from Pheim Asset Management (Asia) Pte. Ltd and Pheim Asset Management Sdn Bhd, where Pheim subscribed for a significant portion of the placement tranche, representing less than 5% of the enlarged share capital post IPO.”

Pheim Asset Management Asia (Pte) Ltd is a long standing licensed fund management company in Singapore while Pheim Asset Management Sdn Bhd is a long established licensed fund management company in Malaysia.

ayondo is a global Financial Technology group with subsidiaries authorised and regulated in the UK (FCA) and Germany (BaFin) and additional offices in Singapore, Spain and Switzerland, offering innovative trading and investment solutions for retail and institutional customers. The Group is considered as one of the FinTech pioneers in Europe which has capitalised on the opportunity arising from emerging digital technologies and changing trends in the financial industry.

By combining trading and investment with elements of social media, the Group is disrupting the traditional asset management industry by offering an alternative way to trade and invest through Social Trading, a community powered concept. Social Trading represents a fast-growing innovation, with a high growth rate which allows retail investors and traders to monitor and copy trading strategies of market experts in real time, proportionate and fully automated. Key benefits, amongst others, are knowledge transfer and performance replication.

The public offering will open on 16 March 2018 and will close at 12.00 pm on 22 March 2018. The shares are expected to commence trading on the SGX-ST on a “ready” basis at 9.00 a.m. on 26 March 2018.

UOB Kay Hian Private Limited is the Sponsor, Issue Manager, Underwriter and Placement Agent for the listing.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit iliad-solutions.com/Visit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13465 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11089 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10041 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7336 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7144 views comments | 2 tweets | 7 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job