Concorde International Group, which provides integrated security solutions and facilities management services in Singapore, filed on Tuesday with the SEC to raise up to $5 million in an initial public offering.
The company plans to raise $5 million by offering 1.3 million shares at $4. At the proposed price, Concorde International Group would command a market value of $89 million.
Concorde International delivers security services by integrating human expertise with advanced technology. It primarily provides mobile monitoring and response systems, which involve vehicles patrolling designated areas, covering multiple sites within a 24-hour period. Each site is equipped with electronic security systems, including access control, surveillance cameras, and sensors that can seamlessly integrate with the company's network. This approach is designed to help its clients minimize dependence on traditional security guards. Additionally, Concorde International offers trained security officers under annual service contracts.
The Singapore-based company was founded in 1997 and booked $11 million in revenue for the 12 months ended December 31, 2023. It plans to list on the Nasdaq under the symbol CIGL. Concorde International Group filed confidentially on March 20, 2024. R.F. Lafferty & Co. is the sole bookrunner on the deal.
