AYONDO will be the first fintech IPO on SGX as AYONDO is currently placing out both placement shares (71.87 million shares) and public tranche (8.9 million shares) for its IPO. Shares will be offered at $0.26 per share.

The nature of Ayondo’s business is trading and investing with elements of social media through Social Trading. According to what I have read online, according to Ayondo, Social Trading represents a fast-growing innovation with a high growth rate that enables retail investors and traders to monitor and copy trading strategies of market experts real time.

Curious to find out more about this Social Trading business of Ayondo, I went to their website  and under “Social Trading”, Ayondo website says that following top traders is the new way to invest. I navigated further to read more about Ayondo and as what it describes itself, everything I read …