AvePoint applies to list shares on Singapore Exchange, complementing its current Nasdaq listing to expand APAC presence.
Quiver AI Summary
AvePoint has filed an application to list its common stock on the Main Board of the Singapore Exchange (SGX-ST), in addition to its current listing on the Nasdaq. CEO Dr. Tianyi Jiang stated that this move aims to enhance the company’s presence in the Asia-Pacific region, where AvePoint has established a strong foundation since 2009. The company believes its financial performance and execution will attract investors focused on high-quality B2B SaaS opportunities in the area. However, no final decision has been made regarding the timing or conditions of the potential listing, and the company may choose not to proceed with it.
Potential Positives
- Application to list shares on the Main Board of the Singapore Exchange demonstrates AvePoint's commitment to expanding its presence in the APAC region, tapping into new investment opportunities.
- The potential listing on SGX-ST, in addition to NASDAQ, positions AvePoint to attract APAC-focused investors interested in B2B SaaS offerings.
- CEO Dr. Tianyi Jiang emphasizes the company's strong relationships and established presence in Singapore, reinforcing its credibility in the region as a leader in data security and governance.
Potential Negatives
- The press release indicates that there is no final decision on the timing, terms, or conditions of the potential SGX-ST listing, suggesting uncertainty in the company's plans.
- The risk factors mentioned highlight that there are significant uncertainties associated with the company's business performance and future market conditions, which could impact investor confidence.
- The inclusion of extensive forward-looking statements and cautionary language may signal to investors that the company recognizes potential challenges ahead, which could be perceived negatively.
FAQ
What is AvePoint's recent application regarding stock listing?
AvePoint has applied to list its common stock on the Singapore Exchange while maintaining its current Nasdaq listing.
Why is AvePoint expanding its presence in Singapore?
AvePoint aims to broaden its presence in the APAC region where it has established strong relationships since 2009.
What are the potential benefits of the SGX-ST listing for investors?
The listing may attract APAC-focused investors looking for high-quality B2B SaaS opportunities in the region.
Is there a commitment to proceed with the SGX-ST listing?
No final decision has been made, and AvePoint may choose not to proceed with the SGX-ST listing.
How does AvePoint position itself in data security and governance?
AvePoint is a global leader in data security, serving over 21,000 customers worldwide across various collaboration platforms.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AVPT Insider Trading Activity
$AVPT insiders have traded $AVPT stock on the open market 27 times in the past 6 months. Of those trades, 0 have been purchases and 27 have been sales.
Here’s a breakdown of recent trading of $AVPT stock by insiders over the last 6 months:
- ZHIJIAN LU has made 0 purchases and 24 sales selling 240,000 shares for an estimated $3,075,000.
- JAMES CACI (Chief Financial Officer) has made 0 purchases and 2 sales selling 50,215 shares for an estimated $673,380.
- BRIAN MICHAEL BROWN (Chief Legal Officer) sold 20,000 shares for an estimated $215,600
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$AVPT Hedge Fund Activity
We have seen 112 institutional investors add shares of $AVPT stock to their portfolio, and 72 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- WELLINGTON MANAGEMENT GROUP LLP added 4,097,390 shares (+inf%) to their portfolio in Q3 2024, for an estimated $48,226,280
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. removed 1,597,002 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $18,796,713
- MORGAN STANLEY added 896,016 shares (+85.1%) to their portfolio in Q3 2024, for an estimated $10,546,108
- EVR RESEARCH LP removed 730,000 shares (-88.0%) from their portfolio in Q3 2024, for an estimated $8,592,100
- BANK OF NEW YORK MELLON CORP removed 573,349 shares (-36.9%) from their portfolio in Q3 2024, for an estimated $6,748,317
- QUBE RESEARCH & TECHNOLOGIES LTD added 567,146 shares (+452.8%) to their portfolio in Q3 2024, for an estimated $6,675,308
- INVESCO LTD. added 481,409 shares (+105.1%) to their portfolio in Q3 2024, for an estimated $5,666,183
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
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
[email protected]
(551) 220-5654
Media Contact
AvePoint
Nicole Caci
[email protected]
(201) 201-8143