Noerr advises Swiss FinTech company ayondo on its listing on the Singapore Stock Exchange

Noerr has advised ayondo Holding AG on its listing on the Singapore Stock Exchange (SGX). Kai-Michael Hingst and Karl-Alexander Neumann from Noerr’s Hamburg office acted for the company which is headquartered in Switzerland.

ayondo issued 80.77 million shares at a price of S$ 0.26, which is equivalent to a market capitalisation of S$ 130.7 million (approximately € 80.4 million). ayondo therefore generated a total of S$ 21 million (approximately € 12.9 million) with its IPO in Singapore.

ayondo is a global financial technology group which offers innovative trading and investment solutions for private and institutional clients. The group has subsidiaries regulated in Germany and the UK, as well as offices in Singapore, Spain and Switzerland. ayondo is one of Europe’s FinTech pioneers and the first European FinTech holding listed on the Singapore Stock Exchange.

Noerr advised ayondo comprehensively on German supervisory law in connection with the Singapore Stock Exchange listing procedure.

Advisors to ayondo: Noerr LLP

Professor Kai-Michael Hingst; Associate: Dr Karl-Alexander Neumann (both Financial Services Regulation, Hamburg)