Ayondo Ltd., a Global Financial Technology group, announced that it will be seeking a listing on the Catalist board of the Singapore Exchange Securities Trading Limited. It will be offering 80,770,000 shares comprising 8,900,000 offer shares at S$0.26 each by way of public offer and 71,870,000 Placement Shares at S$0.26 for each Placement Share.

Mr. Robert Lempka, CEO of Ayondo said, “We are very excited that Ayondo is the first FinTech company to be listed on the Singapore Stock Exchange’s Catalist Board. Ayondo revolutionises the retail trading and investment space. At the same time, we create a level playing field by providing a one-stop offering with the best possible service, and unique tools to help our clients become happy and successful investors.”

The listing is expected to raise net proceeds of about S$18.5 million of which close to half will go towards loan repayment. Another S$5.25 million will be used for marketing and S$2.1 million on platform enhancement with S$2.6 million for general working capital.

Ayondo is a global Financial Technology group with subsidiaries authorised and regulated in the UK (FCA) and Germany (BaFin) and additional offices in Singapore, Spain and Switzerland, offering innovative trading and investment solutions for retail and institutional customers. The Group is considered as one of the FinTech pioneers in Europe which has capitalised on the opportunity arising from emerging digital technologies and changing trends in the financial industry.

By combining trading and investment with elements of social media, the Group is disrupting the traditional asset management industry by offering an alternative way to trade and invest through Social Trading, a community-powered concept. Social Trading represents a fast-growing innovation, with a high growth rate which allows retail investors and traders to monitor and copy trading strategies of market experts in real time, proportionate and fully automated. Key benefits, amongst others, are knowledge transfer and performance replication.

The public offering opened on 16 March 2018 and will close at 12.00 pm on 22 March 2018. The shares are expected to commence trading on the SGX-ST on a “ready” basis at 9.00 a.m. on 26 March 2018.  

UOB Kay Hian Private Limited is the Sponsor, Issue Manager, Underwriter and Placement Agent for the listing.