Enigmatig, a Singapore-based provider of cross-border financial licensing solutions, raised $14 million by offering 2.8 million shares at $5, the high end of the range of $4 to $5. The company offered 0.9 million fewer shares than anticipated.
Enigmatig is an international consultancy providing one-stop cross-border licensing solutions and related services. Its clients consist primarily of small and medium-sized corporations setting up "contract for difference" brokerage businesses, in particular foreign exchange brokerage businesses in overseas jurisdictions. The company had 55 clients from 15 distinct jurisdictions in the FY2024, primarily in the APAC region.
Enigmatig plans to list on the NYSE American under the symbol EGG. Prime Number Capital acted as sole bookrunner on the deal.
