VCI Global, which provides business and technology consulting services in Malaysia, postponed its IPO on Wednesday. It had planned to raise $8 million by offering 1.6 million shares at a price range of $4 to $6.
The Kuala Lumpur, Malaysia-based company was founded in 2013 and booked $11 million in revenue for the 12 months ended June 30, 2022. It had planned to list on the Nasdaq under the symbol VCIG. Boustead Securities and Sutter Securities were set to be the joint bookrunners on the deal.
