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Muted debut for first fintech listing Ayondo

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Published Mon, Mar 26, 2018 · 09:50 PM

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Singapore

GLOBAL fintech group Ayondo made its debut on Monday as the first fintech company to be listed on the Singapore bourse.

The Catalist listing opened at S$0.24, two Singapore cents or 7.7 per cent lower than its initial public offering (IPO) price of S$0.26. But the stock gained some strength through the day's trading session, and closed at its IPO price of S$0.26. Some 12.3 million shares changed hands.

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