Fintech developer Ayondo is set to list on the Singapore Exchange at a $158m valuation, giving ProSiebenSat.1 an exit.

Ayondo, a UK-based online trading services provider backed by media group ProSiebenSat.1, is set to list on the Singapore Exchange at a valuation of $158m.

Founded in 2005, Ayondo operates an online trading platform for individuals investing in contracts for difference and spread betting, as well as a social trading platform.

SevenVentures, the corporate venturing vehicle of ProSiebenSat.1, contributed to a CHF9m ($9.1m) funding round in 2014 alongside private equity firm Luminor Capital as the corporate entered into a partnership with…

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