Latham Advises on AvePoint’s Landmark Dual Listing in Singapore
Latham & Watkins has advised the underwriters on the public offering and Singapore secondary listing of AvePoint, the global leader in data security, governance, and resilience. The offering consists of 13,290,360 shares of its common stock, par value S$0.0001, at a public offering price of S$19.50 per share and raised approximately S$259 million in proceeds for the selling shareholders.
Jefferies LLC, Morgan Stanley & Co. LLC, Oversea-Chinese Banking Corporation Limited, and UBS Securities LLC acted as joint global coordinators and joint bookrunners for the offering. The transaction represents the first US registered follow-on offering and concurrent secondary listing on the Main Board of the Singapore Exchange Securities Trading Limited (SGX).
The Latham team was led by Singapore partner Sharon Lau, with associates Kelly Teoh and Zheyi Feng. Advice was also provided on FINRA matters by New York partner Gail Neely.