Antharas, a full-service community property developer in Malaysia, filed on Wednesday with the SEC to raise up to $6 million in an initial public offering.
The Kuala Lumpur, Malaysia-based company plans to raise $6 million by offering 1.3 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Antharas would command a market value of $86 million.
Antharas is full-service community property developer in Malaysia. The company manages all aspects of real estate development and offers a comprehensive range of services to its clients. Currently its property management portfolio consists of one property, which remains partially sold.
Antharas was founded in 2017 and booked $18 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol AAS. D. Boral Capital is the sole bookrunner on the deal.
