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Malaysian consulting firm VCI Global (VGIC) has filed for a proposed $15M US initial public offering.
VCI said in a filing that it was considering offering 5M ordinary shares priced between $4 and $6, which would raise around $15M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 450K additional shares at the IPO price to cover any over-allotments.
The company hopes to list its shares on Nasdaq under the symbol VGIC. Boustead Securities is serving as lead bookrunner.
For 2021, VCI reported a profit of $5M and comprehensive income of $11M with revenue of $9M.
Based in Kuala Lumpur, VCI offers technology and business consulting services, including IPO preparation, to businesses and government-linked agencies. Most of the company’s clients are based in Malaysia, with others in China, Singapore and the US.
For more IPO news, check out SA’s IPO News page.
Image and article originally from seekingalpha.com. Read the original article here.