Ayondo reallocates IPO proceeds as Q2 losses double
Singapore
CATALIST-LISTED Ayondo, which runs a social trading platform, has posted a second-quarter net loss of three million Swiss francs (S$4.1 million), doubling from 1.5 million francs for the same period a year earlier as trading revenue dipped.
Although Ayondo's number of active clients for the second quarter grew 6 per cent from a year earlier to 24,246, trading revenue slipped 9 per cent to 4.7 million francs. Average revenue per active client dipped 15 per cent to 193 francs.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Google, US clash over search advertising as trial winds down
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed