VCI Global, which provides business and technology consulting services in Malaysia, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $6. The company offered 0.3 million fewer shares than anticipated. It originally planned to offer 3 million shares before lowering the terms in March.
VCI Global 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. The company operates solely in Malaysia, with clients predominantly from Malaysia, but also serves some clients from China, Singapore, and the US.
VCI Global plans to list on the Nasdaq under the symbol VCIG. Boustead Securities and Sutter Securities acted as joint bookrunners on the deal.
