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Orangekloud Technology Priced, Nasdaq: ORKT

Singapore-based provider of software development services for SMEs

Industry: Technology

Latest Trade: $2.83 0.00 (0.0%)

First Day Return: +20.0%

Return from IPO: -40.4%

Industry: Technology

We disrupt traditional Enterprise application development, in particular for small and medium-sized enterprises (“SMEs”), by using integrated Agile and DevOps practices for mobile developers to build cross platform mobile application, faster, smarter and in a secure manner with our proprietary No-Code Rapid Mobile Application Development Platform (“RMAD”), adopting a Platform-as-a-Service (“PaaS”) model. We define SMEs as entities with an employment size of not more than 200 or with annual sales turnover of not more than $100 million. We also provide digital transformation solutions to SMEs in Singapore through the implementations of Enterprise Resource Planning (“ERP”) system coupled with our Enterprise Mobile Application solutions which are developed using our eMOBIQ® development platform. Our digital transformation projects include the sales and consulting of Microsoft Dynamics ERP software licenses, as well as various steps in the project implementation, including solution architecture consultancy, business process re-mapping, system customization and customer support. Such end-to-end solutions have helped many SMEs to go digital which is well aligned with the Singapore government’s “SME Go Digital1” program.
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IPO Data
IPO File Date 02/20/2024
Offer Price $4.75
Price Range $4.75 - $5.25
Offer Shares (mm) 2.8
Deal Size ($mm) $13
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/24/2024
Offer Price $4.75
Price Range $4.75 - $5.25
Offer Shares (mm) 2.8
Deal Size ($mm) $13
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Singapore
Founded 2003
Employees at IPO 67
Website www.msc-consulting.com.sg

Orangekloud Technology (ORKT) Performance