VCI Global, which provides business and technology consulting services in Malaysia, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering.
The Kuala Lumpur, Malaysia-based company plans to raise $15 million by offering 3 million shares at a price range of $4 to $6. At the midpoint of the proposed range, VCI Global would command a market value of $193 million.
VCI Global is a multi-disciplinary consulting group with key advisory practices in the areas of business and technology. The company provides business and boardroom strategy services, investor relation services, and technology consultancy services. Its clients range from small-medium enterprises and government-linked agencies to publicly traded companies across a broad array of industries. VCI Global operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.
VCI Global was founded in 2013 and booked $11 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol VCIG. The company filed confidentially on July 1, 2022. Boustead Securities is the sole bookrunner on the deal.
