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AvePoint Makes History With Listing on SGX
Finews.Asia· 2025-09-19 04:39
Core Insights - AvePoint has made history by becoming the first B2B SaaS stock listed on the Singapore Exchange (SGX) and the first company to achieve a dual listing on both Nasdaq and SGX, marking a significant milestone in global tech expansion [1][2]. Company Overview - AvePoint is a leader in data security, governance, and resilience, and its listing on SGX broadens its customer, partner, and investor base amid increasing demand for its data protection technology [3][4]. - The company has established its Asia Headquarters and International R&D Hub in Singapore since 2009, emphasizing its commitment to addressing global data protection challenges [4]. Market Position - The dual listing builds on AvePoint's Nasdaq debut in 2021, showcasing its trajectory of innovation and growth, and reflecting its global ambition [5]. - The dual listing was supported by a secondary share offering that was more than three times oversubscribed, indicating strong investor demand, particularly from long-only investors [6]. Strategic Vision - AvePoint positions itself as more than just a technology provider, branding its mission as "Beyond Secure," and aims to set industry benchmarks in data security, governance, and resilience [7].
AvePoint Announces Dual Listing on the Singapore Exchange to Continue Global Expansion
Globenewswire· 2025-09-19 01:00
Core Points - AvePoint has made history by becoming the first B2B SaaS stock listed on the Singapore Exchange (SGX) and the first company to achieve a dual listing on both Nasdaq and SGX [1][3][4] - The SGX listing is part of AvePoint's global expansion strategy, aimed at broadening its customer, partner, and investor base in response to increasing demand for data protection technology [2][3] - AvePoint's presence in Singapore, established in 2009, serves as its Asia Headquarters and International R&D Hub, driving innovation in data security, governance, and resilience [2][5] Company Performance - AvePoint's secondary offering of shares was more than three times oversubscribed, indicating strong investor interest, with shares priced at SGD 19.50 each [4] - The company has over 25,000 customers globally, relying on the AvePoint Confidence Platform for data management across various collaboration environments [5] Industry Context - The dual listing on SGX reflects AvePoint's strong track record in the Asia Pacific region and highlights Singapore's role as a key international hub for capital and innovation [3][4] - The listing is expected to enhance AvePoint's visibility and support its growth in the rapidly evolving technology landscape in Asia [2][3]