Social trading focused broker ayondo, which went public earlier this year on the Singapore Exchange, has announced fairly disappointing results for the third quarter of 2018. Overall, ayondo revenues totaled just under CHF 4.0 million (USD $3.98 million) in Q3-2018, down 15% from Q2 and off 23% from last year's Q3, from before when the…
Read moreFCA regulated social trading focused broker Ayondo has announced results for its publicly traded arm Ayondo Ltd., indicating growing Revenues but a large loss in the first quarter of 2018. Ayondo's Q1 results release mark its first as a public company. Ayondo went public on the Singapore Exchange in March in a $16 million IPO.…
Read more
Breaking Forex News... FCA and BaFin regulated social trading and CFD broker Ayondo has announced that it is canceling its previously announced intention to "go public" on the Singapore Exchange (SGX) via a Reverse Takeover of an already publicly traded company. Ayondo had first stated its intention of doing a Reverse Takeover back in April…
Read more
It looks like social trading isn't quite dead yet. LeapRate has learned via regulatory filings that FCA licensed Ayondo Markets has continued to grow its social trading focused brokerage, although with losses continuing to mount. Ayondo reported that its UK unit, Ayondo Markets Limited, grew its Revenues from £7.3 million in 2015 to £14.2 million…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings made in Switzerland and the UK that social trading and CFDs broker Ayondo has invested £850,000 (USD $1.1 million) more into its FCA regulated UK arm Ayondo Markets Limited. The move was made to help the support and provide additional capital to Ayondo Markets, which apparently is…
Read more
LeapRate Exclusive... LeapRate has learned via a series of regulatory filings that FCA regulated social trading and CFDs broker Ayondo has raised more than £2.7 million (USD $3.4 million) ahead of the company's planned IPO on the Singapore Exchange (SGX). Ayondo raised the money from existing shareholders, in a series of transactions between September 30 and November…
Read more
FCA regulated social trading and fintech technology provider Ayondo has announced that it is acquiring the TradeHero brand, a Singapore investor education app that has been ranked as the number one finance Apple iOS app in over 90 countries. Dominic Morris, co-founder of TradeHero, will become the new Head of Innovation for Ayondo Group. The…
Read moreForex industry news at LeapRate was certainly dominated this week by IPO fever. With equity markets especially for tech and growth companies in both the US and Europe having a hot start to 2016, companies having the results to back up their stories are now looking to go public. And the Forex sector is no exception.…
Read moreBreaking Forex News... Social trading pioneer Ayondo has announced plans for a listing for the company on the Singapore Exchange (SGX), which would result in the company having a market capitalization in the S$210 million (USD $155 million) range post transaction, valuing Ayondo at about $116 million pre-deal. FCA-regulated Ayondo stated that it is in advanced…
Read more