ayondo Ltd, Global Financial Technology group, today celebrated its first day trading of its shares on the Catalist board of the Singapore Exchange Securities Trading Limited. The offering of 80.77million Invitation Shares at S$0.26 for each share was fully subscribed.
ayondo is a global Financial Technology group with subsidiaries authorised and regulated in the UK (FCA) and Germany (BaFin) and additional offices in Singapore, Spain and Switzerland, offering innovative trading and investment solutions for retail and institutional customers.
Mr. Robert Lempka, CEO of ayondo said: “We are extremely excited that ayondo is the first FinTech company to list on the Singapore Stock Exchange. SGX has proven to be a great partner and we are looking forward to capitalizing on our listing on the Catalist. This will provide an excellent platform to accelerate brand awareness and thus further execute our growth strategy.”
The group is considered to be one of the FinTech pioneers in Europe, seizing the opportunity arising from emerging digital technologies and changing trends in the financial industry. By combining trading and investment with elements of social media, the group is disrupting the traditional asset management industry by offering an alternative way to trade and invest through Social Trading, a community powered concept. Social Trading represents a fast-growing innovation, which allows traders to share and follow other traders’ trading and investment strategies automatically, proportionally and on a real-time basis.
The market capitalization of ayondo at IPO is around S$130.7 million.