Concorde International Group, which provides integrated security solutions and facilities management services in Singapore, raised $5 million by offering 1.3 million shares at $4, as expected.
Concorde International delivers security services by integrating human expertise with advanced technology. It primarily provides mobile monitoring and response systems, which involve vehicles patrolling designated areas, covering multiple sites within a 24-hour period. Each site is equipped with electronic security systems, including access control, surveillance cameras, and sensors that can seamlessly integrate with the company's network. This approach is designed to help its clients minimize dependence on traditional security guards. Additionally, Concorde International offers trained security officers under annual service contracts.
Concorde International Group plans to list on the Nasdaq under the symbol CIGL. R.F. Lafferty & Co. acted as sole bookrunner on the deal.
