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Ayondo abandons RTO for IPO

PC Lee Published on Wed, Oct 11, 2017 / 9:22 PM GMT+8

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SINGAPORE (Oct 11): Social trading platform Ayondo abandons RTO for IPO will seek a listing through an Initial Public Offering (IPO) instead of a Reverse Takeover (RTO) as announced in mid 2016.

In September, Ayondo announced the RTO of Starland Holdings had lapsed because certain conditions of the sale and purchase agreement between the parties could not be fulfilled by ayondo’s contractual partner.

See: Starland's reverse takeover of fintech firm Ayondo lapses