FAST TRACK GROUP, a Singapore-based provider of event management and marketing services, filed on Friday with the SEC to raise up to $17 million in an initial public offering.
The company plans to raise $17 million by offering 3.8 million shares at a price range of $4 to $5. At the midpoint of the proposed range, FAST TRACK GROUP would command a market value of $96 million.
FAST TRACK GROUP offers a comprehensive range of services including the organization of concerts, movie premieres, and other large-scale events featuring popular Asian and international artists. It has successfully planned high-profile events across Singapore, Malaysia, Indonesia, and Australia, in addition to providing agency services for artist endorsements.
FAST TRACK GROUP was founded in 2012 and booked $1 million in revenue for the 12 months ended February 29, 2024. It plans to list on the Nasdaq under the symbol FTRK. Network 1 Financial Securities is the sole bookrunner on the deal.
