AvePoint Makes History With Listing on SGX
AvePoint becomes the first B2B SaaS stock on the Singapore Exchange and the first company to achieve a dual listing on Nasdaq and SGX, marking a milestone in global tech expansion.
AvePoint, a leader in data security, governance, and resilience, has been listed on the Main Board of the Singapore Exchange (SGX), according to a media release on Friday.
This historic step makes AvePoint the first B2B SaaS stock to trade on SGX and the first company dual listed on both Nasdaq and SGX.
CEO Hails New Chapter
«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,» said Tianyi Jiang, CEO and Co-Founder of AvePoint.
He emphasized that the Singapore listing complements AvePoint’s Nasdaq presence, particularly as the city-state cements its role as a hub of technological advancement and innovation.
Singapore as an Innovation Hub
AvePoint has deep roots in Singapore, having established its presence there in 2009. Today, Singapore serves as its Asia Headquarters and International R&D Hub, driving advances in data security, governance, and resilience.
The company’s expansion highlights its commitment to solving global data protection challenges.
Nasdaq Highlights Global Reach
AvePoint’s dual listing builds on its Nasdaq debut in 2021. «AvePoint makes history today as the first company to achieve a dual listing on both Nasdaq and SGX, which is a proud moment for us all,» said Bob McCooey, Vice Chairman of Nasdaq.
He praised AvePoint’s trajectory of innovation and growth, calling the milestone a testament to its global ambition.
Strong Investor Demand
The dual listing was accompanied by a secondary share offering that was more than three times oversubscribed.
Forty institutional investors secured allocations, with strong backing from long-only investors. Shares were priced at S$19.50, the midpoint of the offering range.
Beyond Secure: AvePoint’s Mission
AvePoint positions itself as more than a technology provider, branding its mission as «Beyond Secure.»
The company continues to set industry benchmarks in data security, governance, and resilience, ensuring organizations worldwide can collaborate with confidence.
