The IPO Buzz: Malaysia’s Sagtec Global Limited (SAGT) Prices IPO at $4 – Low End

Sagtec Global Limited (SAGT) of Malaysia priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$4.50 price range – and sold all 1.75 million shares – the number in the prospectus – to raise $7.0 million on Thursday night, March 6, 2025. Sagtec Global’s stock is expected to start trading today – Friday, March 7, 2025 – on the NASDAQ. The company, based in Kuala Lumpur, is incorporated in the British Virgin Islands. The Benchmark Company was the sole book-runner. At pricing, Sagtec Global Limited had a market cap of about $50.2 million. Sagtec Global Limited, founded in 2018, is a profitable Malaysian provider of customizable software solutions such as a smart ordering system, Speed+, for the food and beverage industry. “The Speed+ software is installed onto our existing Point of Sale (POS) machines, which are sourced from third-party suppliers. These POS machines, equipped with Speed+, are then leased to clients, providing a seamless and integrated solution for efficient order management and transaction processing,” Sagtec Global said in the prospectus. “We also offer customizable software and application development for table ordering, QR ordering and self-service kiosk ordering.” There’s money in the food and beverage software business in Malaysia. Sagtec Global Limited reported net income of $1.23 million on revenue of $9.04 million for the 12 months that ended June 30, 2024, according to financial statements in the prospectus. (For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com  website.) Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board. To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message. Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions. Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.