AvePoint, a leader in data security governance, has announced its dual listing on the Singapore Exchange (SGX) under the symbol AVP, making it the first B2B SaaS stock to be listed on SGX and the first company to be dual listed on both Nasdaq and SGX. This strategic move aims to broaden AvePoint’s customer, partner, and investor base amidst growing demand for its data protection technology.
The listing on SGX complements AvePoint’s presence on Nasdaq, where it initially went public in 2021. Tianyi Jiang, CEO and Co-Founder of AvePoint, highlighted the significance of this expansion, stating, “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.”
Established in Singapore in 2009, AvePoint has made the city-state its Asia Headquarters and International R&D Hub. The company continues to address data protection challenges globally, leveraging Singapore’s dynamic technological landscape.
Loh Boon Chye, CEO of SGX Group, welcomed AvePoint, noting that the dual listing reflects AvePoint’s strong track record in the Asia Pacific region. “This milestone underscores Singapore’s stature as a trusted international hub at the intersection of capital and innovation,” he said.
In conjunction with the SGX listing, AvePoint completed a secondary offering of its common stock, which was more than three times oversubscribed, priced at $14.30 (S$19.50) per share. This development marks a significant phase in AvePoint’s growth, reinforcing its global reach and ambition.
