Republic Power Group, which provides software development services in Southeast Asia, filed on Thursday with the SEC to raise up to $16 million in an initial public offering.
Republic Power Group provides customized software development services, technology solutions, consulting and technical support services, and peripheral hardware to corporate clients and government agencies based in Singapore and Indonesia, such as airports, cruise terminals, technology companies, and law enforcement agencies. The company's software provides real-time monitoring, resources allocation, planning surveillance, and threat detection.
The Singapore-based company was founded in 2015 and booked $6 million in revenue for the 12 months ended December 31, 2021. It plans to list on the Nasdaq under the symbol RPGL. Republic Power Group filed confidentially on March 18, 2022. Univest Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
