From the perspective of Sachin Mittal of DBS Group Research, the company is worth $28. In his Oct 6 initiation report, Mittal describes the company’s listed status to help lift brand visibility among government and regulated-industry clients in Asia.
Software company AvePoint differs from the recent spate of new listings here. It was already listed on Nasdaq since 2020, before its dual listing on the Singapore Exchange (SGX) last month, when it sold approximately $259 million worth of shares at $19.50 each.
The company’s share price reached $19.95 before easing to as low as $18.96 on Oct 2, before recovering to trade at $19.17 at the close of Oct 8.
