Diginex, which provides software that enables businesses to collect, analyze, and report ESG data, filed on Wednesday with the SEC to raise up to $11 million in an initial public offering.
The Hong Kong, China-based company plans to raise $11 million by offering 2.3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Diginex would command a market value of $116.0 million.
Diginex's software solutions enable companies to collect, evaluate and share sustainability data, including related to their carbon footprint and working conditions throughout their supply chains. Additionally, it provides advisory services to help companies implement their ESG plans. The company has historically focused on SMEs but also works with large customers such as Coca Cola, HSBC and Unilever.
The Hong Kong, China-based company was founded in 2020 and booked $1 million in sales for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol DGNX. Diginex filed confidentially on February 12, 2024. Dominari Securities and Revere Securities are the joint bookrunners on the deal.
