Diginex, which provides software that enables businesses to collect, analyze, and report ESG data, postponed its IPO on Tuesday. It had filed to raise $11 million by offering 2.3 million shares at a price range of $4 to $6.
Diginex's software solutions enable companies to collect, evaluate and share sustainability data, including related to their carbon footprint and working conditions throughout their supply chains. Additionally, it provides advisory services to help companies implement their ESG plans. The company has historically focused on SMEs but also works with large customers such as Coca Cola, HSBC and Unilever.
The Hong Kong-based company was founded in 2018 and booked $1 million in revenue for the 12 months ended March 31, 2024. It had planned to list on the Nasdaq under the symbol DGNX. Dominari Securities and Revere Securities were set to be the joint bookrunners on the deal.
