AvePoint sets share price for Singapore listing at $19.50

It will not receive any proceeds from the sale

AvePoint has priced a public offering of 13,290,360 shares at $19.50 each, to be sold by existing stockholders, ahead of its planned listing on the Singapore Exchange (SGX-ST).

The company’s Nasdaq-listed shares will begin trading on the SGX-ST under the symbol “AVP” at 9:00 a.m. Singapore time on 19 September, following the offering settlement at 8:30 p.m. Eastern time on 19 September.

The underwriters have an option to purchase up to 1,993,550 additional shares within 30 days to cover over-allotments.

AvePoint will not receive any proceeds from the sale as the offering’s main goal is to establish a market for its shares in Singapore.

Jefferies LLC, Morgan Stanley & Co. LLC, Oversea-Chinese Banking Corporation Limited, and UBS Securities LLC are serving as joint global coordinators and joint bookrunners for the offering.

The company’s registration statement on Form S-3 (No. 333-290264) is effective, and related prospectuses are available on the SEC website.