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.