TechCreate Group, a distributor of software solutions in Southeast Asia, filed on Tuesday with the SEC to raise up to $11 million in an initial public offering.
The Singapore-based company plans to raise $11 million by offering 2.55 million shares at a price range of $4 to $5. At the midpoint of the proposed range, TechCreate Group would command a market value of $90 million.
The company states that it aims to redefine the digital payments landscape across Southeast Asia by focusing on real-time payment (RTP) systems, providing financial institutions, telecoms, and other businesses with payment technologies, cybersecurity software, cloud services, and related consultancy services.
TechCreate Group was founded in 2015 and booked S$3 million in sales for the 12 months ended December 31, 2024. It plans to list on the NYSE American under the symbol TCGL. Revere Securities is the sole bookrunner on the deal. IPO timing was not disclosed.
