“Our SGX listing is an exciting step in AvePoint’s ongoing global expansion, broadening our customer, partner, and investor base as the demand for our data protection technology increases,” says Tianyi Jiang, AvePoint's CEO and co-founder.
AvePoint shares opened at $20.20, slightly above its $19.50 issue price, on its SGX debut.
The software company, listed on Nasdaq since 2021, sold 13.29 million vendor shares worth $259 million and the offer was more than three times oversubscribed. Forty institutional investors were ultimately allocated shares in the offering, with strong support from long-only investors.
