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FinTech and Social Trading Pioneer ayondo aims for Singapore listing

(PresseBox) (Singapore, ) .
  • ayondo could be first FinTech company to be listed on SGX via an RTO
  • When completed, new group offers a combined value of at S$210 million including fresh capital
  • SGX listing will provide an attractive platform for ayondo’s future growth
Financial technology group ayondo is engaged in advanced negotiations with a SGX-listed company on a Reverse Takeover (RTO) transaction. This could result in ayondo being the first FinTech company to be listed on the Singapore Exchange (SGX).

Following the completion of the proposed RTO, the consolidated group will have a market capitalisation of S$210 million (approximately SFr 150 million) with ayondo shareholders owning 75% of the new consolidated group. The proposed transactions will include the injection of substantial fresh capital. The resulting listed entity will trade under ayondo’s name, and will be fully controlled and managed by ayondo.

ayondo is well positioned with its pioneering business model and scalable solutions for both retail and institutional sectors. With over 190,000 users from 195 countries, ayondo offers a new and highly attractive way of investing in global financial markets. With its business currently growing at a significant pace, ayondo believes that accessing the capital markets is the next major step required in the attainment of its ambitious growth targets. To this end, ayondo has opted for an RTO rather than the traditional Initial Public Offering (IPO) given the current volatility in financial markets. In such market conditions, an RTO provides greater certainty as key terms such as funds raised and valuation are agreed between buyer and seller, and not necessarily subject to prevailing market conditions as is always the case in an IPO. The RTO route also offers ayondo other advantages, such as lower listing costs.

Robert Lempka, CEO of the ayondo group, said: “We are extremely excited about our proposed Singapore listing as this will provide an excellent platform to accelerate growth and brand awareness globally, Asia in particular. The new group will be financially powerful and will enable us to continue to execute our ambitious plans.“

The listing will provide a true market value for ayondo and provides an attractive platform for ayondo’s future growth and is an important step for its global ambition. ayondo intends to use net proceeds of this proposed RTO to further grow the existing business by investing in enhanced mobile technology.

The proposed RTO will significantly increase the market capitalisation of the new consolidated group and widen its investor base, thereby enabling ayondo to attract more extensive analyst coverage, leading to an overall increase in investor interest and trading.

With the core markets currently being in Europe, the proposed RTO on the SGX will be a milestone in ayondo’s expansion into Asia. This move follows the opening of ayondo Asia Pte. Ltd. as its Singapore office in July 2014 after Singapore-based private equity fund, Luminor Capital Pte. Ltd. became a significant stakeholder in the FinTech group.

Dr Foo Fatt Kah, Luminor Capital Pte. Ltd.’s co-founder and Managing Director, added, “This maiden FinTech listing will be a milestone for Singapore’s equity market and we anticipate that investor participation will be active and sustained. We believe that social trading will be one of the key online financial services platforms of the future and ayondo is well positioned to become one of the global leaders in this field.”

The proposed RTO remains subject to the entry into definitive agreement and the required shareholder approval. 

Risk Warning

Trade execution services are provided exclusively by ayondo markets Limited.

Spread Betting and CFDs are high risk investments. Your capital is at risk. Spread Betting and CFDs are not suitable for all investors and you should ensure that you understand the risks involved and, if necessary, obtain independent financial advice to ensure that these products fit your investment objectives.

ayondo markets Limited is a company registered in England and Wales under register number 03148972. ayondo markets Limited is authorised and regulated by the Financial Conduct Authority, FCA Register number 184333.

Social trading services are provided exclusively by ayondo GmbH.

ayondo GmbH is a tied agent of DonauCapital Wertpapier AG and therefore registered in the inter-mediaries register of the BaFin.

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The ayondo group invests in new technology and high-growth business models that can be achieved through efficiency improvements within the banking sector. Core of the holding group portfolio is the social trading provider ayondo GmbH, based in Frankfurt and the FCA regulated investment firm ayondo markets Ltd. based in London. ayondo offers both a sophisticated online trading platform and a leading Social Trading platform. Social trading allows retail investors to automatically copy the trades of experts.

In 2013 ayondo was listed in the top 50 technology companies worldwide in the area of financial technology ("FinTech 50").