AvePoint Submits Application for Dual Listing on the Singapore Exchange

Rhea-AI Summary

AvePoint (AVPT), a data security, governance, and resilience company, has submitted an application for a dual listing of its common stock on the Singapore Exchange Securities Trading (SGX-ST), in addition to its current Nasdaq Global Select Market listing.

The company established its presence in Singapore in 2009, which now serves as its Asia headquarters and International R&D Hub. CEO and Co-Founder Dr. Tianyi Jiang states this potential dual listing aligns with their strategy to expand in the APAC region, where they have built strong relationships with governmental organizations and corporations.

The company emphasizes that no final decision has been made regarding the timing, terms, or conditions of the SGX-ST listing, and they may choose not to proceed with it.

Positive

• Potential expansion of investor base through dual listing
• Strong established presence in APAC region since 2009
• Strategic positioning with Singapore as Asia headquarters and R&D hub

Negative

• Uncertainty about final listing decision and terms
• Additional regulatory compliance costs from dual listing

Insights

Financial Markets Strategist

The potential dual listing of AvePoint on the Singapore Exchange marks a significant strategic development that could substantially enhance the company's market position and capital access. This move is particularly noteworthy as it would make AvePoint one of the few US-listed B2B SaaS companies to achieve dual listing status in Singapore, potentially creating a unique value proposition for APAC investors.

The strategic rationale is compelling: Singapore's position as Asia's leading financial hub, combined with AvePoint's established presence in the region since 2009, creates natural synergies. The dual listing could unlock several key benefits:

• Enhanced trading liquidity across different time zones
• Access to a broader investor base, particularly APAC-focused institutional investors
• Increased brand visibility and credibility in the APAC region
• Potential inclusion in local market indices

The timing of this application aligns with growing investor interest in enterprise software solutions in APAC, where digital transformation initiatives are accelerating. AvePoint's focus on data security, governance and resilience resonates strongly with regional priorities, particularly given Singapore's stringent data protection regulations and growing emphasis on cybersecurity.

However, investors should note that the application is still pending approval and the company has maintained flexibility regarding the timing and terms of the potential listing. This prudent approach allows AvePoint to optimize market conditions and regulatory requirements while maintaining its strategic expansion plans.

SINGAPORE, Jan. 24, 2025 (GLOBE NEWSWIRE) -- AvePoint (Nasdaq: AVPT), the global leader in data security, governance, and resilience, has submitted an application to list its shares of common stock, par value $0.0001 per share (the “Shares”), on the Main Board of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). The Company’s Shares currently trade on the Nasdaq Global Select Market, and if such application is approved would also trade on the SGX-ST. 

“Our application to list AvePoint’s common stock on the Singapore Exchange – which would be in addition to our current and continuing listing on Nasdaq – aligns with our ongoing strategy to broaden our presence in the APAC region, where we have a long and successful track record,” said Dr. Tianyi Jiang (TJ), CEO and Co-Founder, AvePoint. “We established a presence in Singapore in 2009, and since then have fostered strong relationships with governmental organizations and corporations in the region; today, Singapore serves as our Asia headquarters and International R&D Hub. Finally, we believe that our consistent execution and strong financial performance, both globally and particularly in APAC, will make us attractive to APAC-focused investors seeking in-region high quality B2B SaaS opportunities.”

No final decision or commitment has been made as to the timing, terms or conditions of any such listing on the SGX-ST, and the Company may decide to not proceed with an SGX-ST listing of its Shares.

This press release shall not constitute an offer to sell or the solicitation of an offer or an invitation to buy any securities of the Company, nor shall there be any offer or sale of the securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About AvePoint:

Securing the Future. AvePoint is a global leader in data security, governance, and resilience, and over 21,000 customers worldwide rely on our solutions to modernize the digital workplace across Microsoft, Google, Salesforce and other collaboration environments. AvePoint’s global channel partner program includes over 3,500 managed service providers, value added resellers and systems integrators, with our solutions available in more than 100 cloud marketplaces. To learn more, visit www.avepoint.com.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and other federal securities laws including statements regarding the future performance of and market opportunities for AvePoint. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: changes in the competitive and regulated industries in which AvePoint operates, variations in operating performance across competitors, changes in laws and regulations affecting AvePoint’s business and changes in AvePoint’s ability to implement business plans, forecasts, and ability to identify and realize additional opportunities, and the risk of downturns in the market and the technology industry. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of AvePoint’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Copies of these and other documents filed by AvePoint from time to time are available on the SEC's website, www.sec.gov. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and AvePoint does not assume any obligation and does not intend to update or revise these forward-looking statements after the date of this release, whether as a result of new information, future events, or otherwise, except as required by law. AvePoint does not give any assurance that it will achieve its expectations. Unless the context otherwise indicates, references in this press release to the terms “AvePoint”, “the Company”, “we”, “our” and “us” refer to AvePoint, Inc. and its subsidiaries.

Disclosure Information:

AvePoint uses the https://www.avepoint.com/ir website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Investor Contact
AvePoint
Jamie Arestia
ir@avepoint.com
(551) 220-5654

Media Contact
AvePoint
Nicole Caci
pr@avepoint.com
(201) 201-8143

FAQ

What is the purpose of AvePoint's (AVPT) dual listing application on SGX?

AvePoint is seeking a dual listing on SGX to broaden its presence in the APAC region and attract APAC-focused investors interested in B2B SaaS opportunities, while maintaining its current Nasdaq listing.

When did AvePoint (AVPT) establish its presence in Singapore?

AvePoint established its presence in Singapore in 2009, which now serves as the company's Asia headquarters and International R&D Hub.

Will AvePoint (AVPT) maintain its Nasdaq listing after the SGX listing?

Yes, AvePoint plans to maintain its current listing on the Nasdaq Global Select Market alongside the potential SGX listing.

Is AvePoint's (AVPT) SGX listing application guaranteed to proceed?

No, the company states that no final decision has been made regarding timing, terms, or conditions, and they may choose not to proceed with the SGX listing.

What is AvePoint's (AVPT) current role in Singapore?

Singapore serves as AvePoint's Asia headquarters and International R&D Hub, where they maintain strong relationships with governmental organizations and corporations.