Smart Digital Group, a Singapore-based provider of internet marketing and other services, filed on Tuesday with the SEC to raise up to $8 million in an initial public offering.
The company plans to raise $8 million by offering 1.5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Smart Digital Group would command a market value of $133 million.
Through its operating subsidiaries, the company provides a range of services, including internet media services, such as developing marketing strategies and designing marketing content; event planning and execution services; business planning and consulting services; and software customization and marketing services.
Smart Digital Group was founded in 2018 and booked $16 million in revenue for the 12 months ended March 31, 2024. It plans to list on the Nasdaq under the symbol SDM. Network 1 Financial Securities is the sole bookrunner on the deal.
