Republic Power Group, which provides software development services in Southeast Asia, announced terms for its IPO on Wednesday.
The Singapore-based company plans to raise $10 million by offering 2.1 million shares (41% secondary) at a price range of $4 to $5. At the midpoint of the proposed range, Republic Power Group would command a market value of $78 million.
Republic Power Group provides customized software development services, technology solutions, consulting and technical support services, and peripheral hardware to corporate clients and government agencies based in Singapore and Indonesia, such as airports, cruise terminals, technology companies, and law enforcement agencies. The company's software provides real-time monitoring, resources allocation, planning surveillance, and threat detection.
Republic Power Group was founded in 2015 and plans to list on the Nasdaq under the symbol RPGL. Bancroft Capital is the sole bookrunner on the deal.
