Muted debut for first fintech listing Ayondo

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.