<article>Global financial technology (fintech) group <a href="https://www.dealstreetasia.com/?s=Ayondo">Ayondo Ltd</a> has officially registered its offer document with the <a href="https://www.dealstreetasia.com/?s=Singapore%20Exchange">Singapore Exchange</a> (SGX) for a listing on the Catalist board, according to an announcement on Friday.</article>

Global financial technology (fintech) group <a href="https://www.dealstreetasia.com/?s=Ayondo">Ayondo Ltd</a> has officially registered its offer document with the <a href="https://www.dealstreetasia.com/?s=Singapore%20Exchange">Singapore Exchange</a> (SGX) for a listing on the Catalist board, according to an announcement on Friday.
Ayondo operates a brokerage platform that lets users engage in social trading, copying the trades of leading traders on the platform to optimise returns on investment.
The European social-trading broker becomes the first fintech enterprise to list on the Catalist growth board after submitting its offering, which involves 80.77 million invitation shares &#8211; 8.9 million offer shares at S$0.26 each by way of public offer in Singapore and 71.87 million placement shares at S$0.26 each.
The public offer opened Friday, March 16, and will close on March 22, 2018.  The shares are expected to commence trading on the SGX-ST on March 26.
Based Frankfurt, the firm was founded in 2008 by chairman Thomas Winkler and CEO Robert Lempka, who was previously the CEO of ABN AMRO Marketindex.
“Ayondo revolutionises the retail trading and investment space. We create a level playing field by providing a one-stop offering with the best possible service, and unique tools to help our clients become happy and successful investors,” Lempka said.
Ayondo received support from investors during the private placement exercise and also secured investment from Pheim Asset Management (Asia) and Pheim Asset Management Sdn Bd, which collectively subscribed for a significant portion of the placement tranche, representing 5 per cent of the enlarged share capital post IPO.
In Singapore, Ayondo has partnered KGI Fraser Securities to provide a platform for investors to trade Contracts for Difference (CFDs), tradeable derivative instruments based on specific underlying assets or market indexes. It also operates TradeHero, a developer of a popular investor-education application it acquired in 2017.
Ayondo plans to expand its offerings and operations in Asia through the TradeHero brand, and also plans to targets Chinese traders with a simplified casual trading product.
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Global financial technology (fintech) group Ayondo Ltd has officially registered its offer document to the SGX for a listing on the Catalist board,

Ayondo becomes first fintech firm to list on Singapore's Catalist board

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