Sagtec Global Limited Announces Closing of Initial Public Offering
Sagtec Global (NASDAQ: SAGT), a Malaysian provider of software solutions known for Speed+, a cloud POS system with QR Pay integration for the Food and Beverage industry, has successfully completed its Initial Public Offering (IPO).
The company offered 1,750,000 ordinary shares at $4.00 per share, raising approximately $7 million in gross proceeds before deducting underwriting costs and offering expenses. Trading of SAGT shares commenced on the Nasdaq Capital Market on March 7, 2025.
The Benchmark Company, served as the sole book-running manager for the offering, with Ortoli Rosenstadt LLP and McGuireWoods LLP providing legal counsel to Sagtec and Benchmark respectively.
Sagtec Global (NASDAQ: SAGT), un fornitore malese di soluzioni software noto per Speed+, un sistema POS cloud con integrazione QR Pay per il settore della ristorazione, ha completato con successo la sua Offerta Pubblica Iniziale (IPO).
L'azienda ha offerto 1.750.000 azioni ordinarie a 4,00 $ per azione, raccogliendo circa 7 milioni di dollari in proventi lordi prima di dedurre i costi di sottoscrizione e le spese di offerta. Il trading delle azioni SAGT è iniziato sul Nasdaq Capital Market il 7 marzo 2025.
The Benchmark Company ha svolto il ruolo di unico gestore dell'offerta, con Ortoli Rosenstadt LLP e McGuireWoods LLP che hanno fornito consulenza legale a Sagtec e Benchmark rispettivamente.
Sagtec Global (NASDAQ: SAGT), un proveedor malayo de soluciones de software conocido por Speed+, un sistema POS en la nube con integración de QR Pay para la industria de alimentos y bebidas, ha completado con éxito su Oferta Pública Inicial (IPO).
La empresa ofreció 1,750,000 acciones ordinarias a 4.00 $ por acción, recaudando aproximadamente 7 millones de dólares en ingresos brutos antes de deducir los costos de suscripción y los gastos de oferta. Las acciones de SAGT comenzaron a cotizar en el Nasdaq Capital Market el 7 de marzo de 2025.
The Benchmark Company actuó como único gestor de la oferta, con Ortoli Rosenstadt LLP y McGuireWoods LLP brindando asesoría legal a Sagtec y Benchmark respectivamente.
사그텍 글로벌 (NASDAQ: SAGT), QR Pay 통합이 포함된 클라우드 POS 시스템 Speed+로 알려진 말레이시아 소프트웨어 솔루션 제공업체가 성공적으로 초기 공개 모집(IPO)을 완료했습니다.
회사는 1,750,000주를 주당 4.00달러에 제공하여, 인수 비용 및 공모 비용을 공제하기 전 약 700만 달러의 총 수익을 올렸습니다. SAGT 주식의 거래는 2025년 3월 7일 나스닥 자본시장에서 시작되었습니다.
벤치마크 컴퍼니는 이번 공모의 단독 북런닝 매니저 역할을 했으며, Ortoli Rosenstadt LLP와 McGuireWoods LLP는 각각 사그텍과 벤치마크에 법률 자문을 제공했습니다.
Sagtec Global (NASDAQ: SAGT), un fournisseur malais de solutions logicielles connu pour Speed+, un système POS cloud avec intégration QR Pay pour l'industrie de la restauration, a réussi à réaliser son Offre Publique Initiale (IPO).
L'entreprise a proposé 1 750 000 actions ordinaires à 4,00 $ par action, levant environ 7 millions de dollars de recettes brutes avant de déduire les coûts de souscription et les frais d'offre. Le trading des actions SAGT a commencé sur le Nasdaq Capital Market le 7 mars 2025.
The Benchmark Company a été le seul gestionnaire de livre pour l'offre, avec Ortoli Rosenstadt LLP et McGuireWoods LLP fournissant des conseils juridiques à Sagtec et Benchmark respectivement.
Sagtec Global (NASDAQ: SAGT), ein malaysischer Anbieter von Softwarelösungen, bekannt für Speed+, ein Cloud-POS-System mit QR-Pay-Integration für die Lebensmittel- und Getränkeindustrie, hat erfolgreich sein Initial Public Offering (IPO) abgeschlossen.
Das Unternehmen bot 1.750.000 Stammaktien zu einem Preis von 4,00 $ pro Aktie an und erzielte damit Bruttoeinnahmen von etwa 7 Millionen Dollar vor Abzug der Underwriting-Kosten und Angebotsausgaben. Der Handel mit SAGT-Aktien begann am Nasdaq Capital Market am 7. März 2025.
The Benchmark Company fungierte als alleiniger Bookrunner für das Angebot, während Ortoli Rosenstadt LLP und McGuireWoods LLP rechtliche Beratung für Sagtec und Benchmark respectively bereitstellten.
- Successfully completed IPO raising $7 million in gross proceeds
- Achieved Nasdaq Capital Market listing
- Established presence in Malaysian F&B market with Speed+ POS system
- Small IPO size may limit growth potential
- Proceeds subject to reduction from underwriting costs and expenses
Insights
Sagtec Global has completed its IPO, raising
This represents a significant milestone for this Malaysian software provider, which specializes in cloud-based point of sale systems for the Food and Beverage industry. However, several aspects warrant investor attention. The
While the successful IPO provides Sagtec with growth capital and increased visibility in global markets, the article lacks information about the company's financial fundamentals, growth trajectory, or specific plans for utilizing the proceeds. The Southeast Asian F&B technology market presents opportunities for cloud-based POS systems with integrated payment solutions, but investors should carefully consider the company's ability to scale and compete effectively with this relatively modest capital injection.
The successful Nasdaq listing does provide Sagtec with improved access to capital markets for potential future fundraising, which could be valuable for their long-term expansion efforts beyond Malaysia.
KUALA LUMPUR, Malaysia, March 10, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions that has revolutionized Malaysia’s Food and Beverage industry with Speed+, a pioneering cloud point of sale (POS) system integrated QR Pay, today announced the closing of its previously announced initial public offering (the “Offering”) of an aggregate 1,750,000 ordinary shares at a public offering price of
The ordinary shares began trading on the Nasdaq Capital Market on March 7, 2025, under the ticker symbol “SAGT”.
The Benchmark Company, LLC (“Benchmark”) acted as sole book-running manager for the Offering. Ortoli Rosenstadt LLP acted as U.S. legal counsel to the Company, and McGuireWoods LLP acted as U.S. legal counsel to Benchmark.
The Offering was conducted pursuant to the Company’s registration statement on Form F-1 related to the Offering, as amended (File No. 333-284053), which was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on March 6, 2025. The Offering was made only by means of a prospectus forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained by visiting the SEC’s website located at http://www.sec.gov or by contacting: The Benchmark Company, LLC, 150 E. 58th St., 17th Floor, New York, NY 10155, by telephone at +1 212-312-6700 or by email at Prospectus@benchmarkcompany.com.
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any offer, solicitation, or sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Sagtec Global Limited
Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs). Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.
For more information on the Company, please log on to https://www.sagtec-global.com/.
Contact Information:
Sagtec Global Limited Contact:
Ng Chen Lok
Chairman, Executive Director & Chief Executive Officer
Telephone +6011-6217 3661
Email: info@sagtec-global.com
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