TechCreate Group, a distributor of software solutions in Southeast Asia, raised $10 million by offering 2.6 million shares at $4, the low end of the range of $4 to $5. At pricing, TechCreate Group commands a market cap of $80 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 plans to list on the NYSE American under the symbol TCGL. Revere Securities and Cathay Securities acted as joint bookrunners on the deal.
