US cyber-security firm AvePoint eyes growth in Singapore as shares debut on SGX
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Mr Pol de Win (left), SGX's senior managing director and head of global sales and origination with AvePoint CEO Dr Jiang Tianyi at the company’s secondary listing ceremony on Sept 19, 2025.
PHOTO: SGX
Follow topic:
- US cyber-security firm Avepoint to expand Singapore operations, increasing headcount from 300 to 500 by 2026.
- Avepoint debuts on SGX at $20.20, becoming the first company listed on both Nasdaq and SGX. The Singapore share offer was three times oversubscribed.
- Operations in Singapore contributed 13 per cent of the firm's global revenue in the second quarter of 2025.
AI generated
SINGAPORE – US cyber-security firm AvePoint is seeking to expand in Singapore after becoming the first company to be listed on both the Nasdaq and the Singapore Exchange (SGX).
Dr Jiang Tianyi, its co-founder and chief executive, told The Straits Times on Sept 19 that the firm’s research and development hub in Singapore, its Asia headquarters, generates significant intellectual property by working with the Government, institutes of higher learning and commercial partners such as NTUC LearningHub.
“In the age of AI (artificial intelligence), upskilling the workforce is critically important, and technology can play a key role in that... That is why Singapore will continue to be a place where we invest and expand our presence, given the unique innovation and intellectual property we are able to generate here,” he said, adding that the hub, which was set up in Fusionopolis in 2022, will expand its headcount from about 300 employees to 500 by 2026.
AvePoint made its trading debut on the SGX on Sept 19, opening at $20.20. The counter later closed at $19.70, 20 cents above its offer price. More than 760,000 shares changed hands. Its Nasdaq shares closed 3.4 per cent higher at US$15.96 on Sept 18. Its Singapore share offer, which was three times oversubscribed, was open only to institutional investors.
The firm, with Singapore as its secondary listing, has no dividend policy and will not receive any proceeds from the offering, as the share sale involved existing owners, including Dr Jiang.
Founded in 2001 in New Jersey in the US, AvePoint helps organisations protect and manage their data and critical assets. Over 25,000 customers and 5,000 partners worldwide use AvePoint to safeguard their Microsoft, Google, Salesforce and other collaboration platforms.
In the second quarter of 2025, the firm’s revenue rose 31 per cent to US$102 million (S$131 million) from US$78 million a year earlier. It reported earnings of US$2.7 million, reversing a loss of US$12.8 million in the same period in 2024. Operations in Singapore contributed 13 per cent of global revenue in the quarter.
Dr Jiang said AvePoint’s decision to list in Singapore was not driven by the Monetary Authority of Singapore’s Equity Market Development Programme, announced in February, as the firm is targeting large institutional investors rather than retail investors.
AvePoint received investment from 65 Equity Partners’ Anchor Fund in September 2023. The fund’s mandate is to back firms and attract them to list on the SGX.
“But the measure will encourage others to come to Singapore – we believe we will be the first of many, contributing to what we call the rejuvenation of SGX,” Dr Jiang said.
“From a macro and capital perspective, there is no reason why SGX cannot do better as one of the top exchanges in Asia, if not the world, given Singapore’s reputation in governance, excellence and family capital.”
There are currently 29 secondary listings on the SGX, including AvePoint.
