SGX set to snag its first fintech listing through Ayondo's IPO
Brokers say the flotation will test Singapore investors' risk appetite for startups still in the red
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Angela Tan
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Singapore
AFTER a failed reverse takeover last year, European social-trading broker Ayondo Ltd is poised to be the first fintech company to list on the Catalist platform on the Singapore Exchange (SGX).
The Business Times understands that Ayondo, whose largest shareholder since 2014 has been Singapore private equity investor Luminor Capital, is seeking an initial public offering (IPO), which values the loss-making company at close to S$140 million.
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