Republic Power Group, which provides software development services in Southeast Asia, withdrew its plans for an initial public offering on Thursday. It originally filed in July 2022 and most recently planned to raise $13 million by offering 2.4 million shares (50% secondary) at a price range of $5 to $6.
The Singapore-based company was founded in 2015 and booked $4 million in revenue for the 12 months ended June 30, 2023. It had planned to list on the BZX under the symbol RPGL. Prime Number Capital was set to be the sole bookrunner on the deal.
