Following a failed reverse takeover (RTO) involving Starland Holdings last year, European social-trading broker Ayondo Ltd is set to become the first financial technology (fintech) enterprise to list on the Catalist growth board of the Singapore Exchange (SGX), according to a report by The Business Times.
Singapore-based private equity firm Luminor Capital, a majority shareholder in the loss-making European firm since 2014, is seeking to conduct a public float of the firm at a potential valuation of close to S$140 million ($105.6 million). Ayondo could launch its pre-IPO roadshow as early as next month.
