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AvePoint rises 1% over offer price at SGX mainboard trading debut

by Sarkiya Ranen
in Technology
AvePoint rises 1% over offer price at SGX mainboard trading debut
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The counter ends its first day on the bourse at S$19.70, with 760,400 shares changing hands

[SINGAPORE] AvePoint’s shares rose as much as 4.6 per cent at its trading debut on the Singapore Exchange (SGX) mainboard on Friday (Sep 19), though it eventually pared some of those gains to end the day just 1 per cent up from its offer price.

After opening at S$20.20, shares of the cybersecurity company rose to a peak of S$20.40 within a minute. This was S$0.90 higher than its offer price of S$19.50 per share.

The counter then slid, landing at S$19.52 by the midday trading break. It ended the day at S$19.70, 1 per cent higher than its offer price, after 760,390 shares changed hands.

AvePoint, which is also listed on the Nasdaq, closed 3.4 per cent higher at US$15.96 on Thursday in the US.

The company said the purpose of its SGX offering of 13.3 million shares was to increase its financial flexibility, and to create a market for its shares in Singapore.

Proceeds of the share sales will go to the owners, including co-founder Jiang Tianyi, not the company.

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Two years ago, 65 Equity Partners’ Anchor Fund invested in AvePoint. Its mandate is to fund and attract companies to list on SGX.

AvePoint does not have a dividend policy as yet.

Its 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.

For 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 from a loss of US$12.8 million for Q2 2024.



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Tags: AvePointDebutmainboardOfferPriceRisesSGXTrading
Sarkiya Ranen

Sarkiya Ranen

I am an editor for Ny Journals, focusing on business and entrepreneurship. I love uncovering emerging trends and crafting stories that inspire and inform readers about innovative ventures and industry insights.

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