The purpose is to increase the company’s financial flexibility and create a market for its shares on the Singapore Exchange
[SINGAPORE] Cybersecurity company AvePoint has launched a public offering on the mainboard of the Singapore Exchange (SGX), listing 13.3 million common shares at S$19.50 per share.
Underwriters have a 30-day option to purchase up to an additional two million common shares to cover over-allotments. This will be purchased at the listing price.
AvePoint currently has no dividend policy.
The company will not receive any proceeds from the offering, with proceeds of the share sales going to the owners, who consist of individuals, including co-founder Jiang Tianyi.
AvePoint reported a 31 per cent increase in Q2 2025 revenue to US$102 million from US$78 million in Q2 2024. The company also swung into the black in Q2 2025 with earnings of US$2.7 million from a loss of US$12.8 million in Q2 2024.
The company raised its full-year guidance and its forecast for 2025 revenues to be between US$406.6 million and US$410.6 million – a growth of 23 to 24 per cent. Total annual recurring revenues are projected to be between US$412.8 million and US$418.8 million – growth of 26 to 28 per cent.
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The purpose of the offering is to increase AvePoint’s financial flexibility and create a market for its shares on the SGX.
The SGX-listed AvePoint shares will begin trading on Sep 19 at 9 am.
Singapore is home to AvePoint’s international research and development hub, which was launched in August 2022. The hub is expected to have about 500 employees.
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AvePoint is also listed on the Nasdaq and received investment from 65 Equity Partners’ Anchor Fund back in September 2023. The Anchor Fund’s mandate is to fund and attract companies to list on the SGX.
Previously, Jiang told The Business Times that a dual listing on the SGX would help raise AvePoint’s profile, attracting a different set of investors.
With government and other regulated industries as customers, Jiang said that the company would be well received by investors here.
