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Malaysian software firm Sagtec Global sets terms for $7 million US IPO

January 28, 2025
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Sagtec Global, a Malaysia-based provider of point of sale software for the food and beverage industry, announced terms for its IPO on Tuesday.

The Kuala Lumpur, Malaysia-based company plans to raise $7 million by offering 1.8 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, Sagtec Global would command a market value of $53 million.

The company provides customizable software and ordering kiosks for the food and beverage industry. Its Speed+ software is installed onto third-part point of sale machines. Sagtech Global is also involved in a variety of other businesses, such as social media management services, selling power-bank charging stations, and data management services.

Sagtec Global was founded in 2018 and booked $10 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol SAGT. The Benchmark Company is the sole bookrunner on the deal.