Singapore: AvePoint, the global leader in data security, governance, and resilience, has officially listed on the Main Board of the Singapore Exchange Securities Trading Limited (SGX) under the symbol ‘AVP’. This marks a historic milestone as AvePoint becomes the first business-to-business (B2B) Software as a Service (SaaS) stock to be listed on SGX and the first company to be dual listed on both Nasdaq and SGX.

According to BERNAMA News Agency, AvePoint’s SGX listing is a significant step in the company’s global expansion strategy, aiming to broaden its customer, partner, and investor base amid growing demand for data protection technology. AvePoint CEO and Co-Founder, Dr Tianyi Jiang, emphasized that trading on SGX complements the company’s presence on Nasdaq, enabling further expansion driven by technological advancements and innovations in Singapore.

SGX Group CEO, Loh Boon Chye, commented that AvePoint’s dual listing showcases the company’s robust track record in the Asia Pacific region and its efforts to diversify its investor base. He noted that this development highlights Singapore’s role as a trusted international hub, providing a crucial platform for global technology leaders seeking to engage with Asia’s dynamic growth.

AvePoint, which established its presence in Singapore in 2009, stated its commitment to expanding its global footprint and addressing data protection challenges worldwide. In conjunction with its SGX debut, AvePoint completed a secondary offering of common stock that was over three times oversubscribed. Shares were priced at SG$19.50 and allocated to 40 institutional investors, primarily long-only funds, reflecting strong market interest. (SG$1 = RM3.26)