AvePoint Makes History With Dual Listing On Nasdaq, SGX

KUALA LUMPUR, Sept 19 (Bernama) — AvePoint, the global leader in data security, governance, and resilience, has officially listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX) under the symbol “AVP”.

This marks a historic milestone as AvePoint becomes the first business-to-business (B2B) Software as a Service (SaaS) stock to be listed on SGX and the first company to be dual listed on both Nasdaq and SGX.

“Our SGX listing is an exciting step in AvePoint’s ongoing global expansion, broadening our customer, partner, and investor base as the demand for our data protection technology increases.

“Trading on SGX complements our presence on Nasdaq, allowing AvePoint to expand, especially as we witness the surge of technological advancement and innovation in Singapore,” said AvePoint Chief Executive Officer (CEO) and Co-Founder, Dr Tianyi Jiang.

Meanwhile, SGX Group CEO, Loh Boon Chye said AvePoint’s dual listing reflects the company’s strong track record in Asia Pacific and its strategy to broaden its investor base across the region.

“This milestone also underscores Singapore’s stature as a trusted, international hub at the intersection of capital and innovation, an increasingly vital venue for global technology leaders tapping into Asia’s dynamic growth.”

Established its initial presence in Singapore in 2009, AvePoint in a statement said it continues to expand its global footprint, solving data protection challenges for organisations around the world.

Coinciding with the SGX debut, AvePoint completed a secondary offering of common stock, over three times oversubscribed, with shares priced at SG$19.50 and allocated to 40 institutional investors, primarily long-only funds. (SG$1 = RM3.26)

— BERNAMA

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