The company has listed 13.3 million shares at an offering price of S$19.50 apiece
[SINGAPORE] Cybersecurity company AvePoint’s shares rose 4.4 per cent on its Singapore Exchange (SGX) trading debut on Friday (Sep 19).
After opening at S$20.20, the counter rose to S$20.36 by 9.10 am, up S$0.86 from its offer price of S$19.50 per share. Nearly 40,000 shares changed hands in the first few minutes of trading.
The company is also listed on the Nasdaq and closed 3.4 per cent higher at US$15.96 on Thursday in the US.
AvePoint said the purpose of its SGX offering of 13.3 million shares is to increase its financial flexibility and create a market for its shares in Singapore. Proceeds of the share sales will go to the owners, including co-founder Jiang Tianyi, and not the company.
Two years ago, 65 Equity Partners’ Anchor Fund invested in AvePoint. Its mandate is to fund and attract companies to list on SGX.
AvePoint as of yet does not have a dividend policy.
AvePoint’s international research and development hub has been located in Singapore since August 2022. The hub is expected to have about 500 local employees in total by 2026.
In the second quarter of 2025, the company reported a 31 per cent increase in revenue to US$102 million from US$78 million in the year-ago period. It posted an earnings inflow of US$2.7 million, reversing a loss of US$12.8 million in Q2 2024.
