Agroz, a vertically-integrated operator of indoor vertical farms in Malaysia, raised $5 million by offering 1.3 million shares at $4, as expected. At pricing, the company commands a market cap of $91 million.
Agroz is a fully vertically-integrated agricultural technology company focused on designing, building, managing, and operating indoor controlled environment agriculture (CEA) vertical farms. The company also operates CEA vertical farms in local communities to grow and deliver vegetables directly to consumers and businesses, and to educate the public on how vegetables are grown. Agroz primarily derives revenue from designing and/or constructing indoor CEA vertical farms, operating and managing indoor CEA vertical farms, selling CEA vertical farms, and selling fresh produce.
Agroz plans to list on the Nasdaq under the symbol AGRZ. Tiger Brokers acted as sole bookrunner on the deal.
