Gigabit, a Malaysia-based provider of internet hosting and technology services, filed on Friday with the SEC to raise up to $5 million in an initial public offering.
The Kuala Lumpur, Malaysia-based company plans to raise $5 million by offering 1.3 million shares at $4. At the proposed offering price, Gigabit would command a market cap of $80 million.
Gigabit, through its operating subsidiaries provides cloud infrastructure, data storage and recovery, cybersecurity, and managed IT services across Malaysia, Hong Kong, Taiwan, and Japan. It operates Tier III and Tier IV facilities with over 5,300 servers, and supports 1,500 customers, hosting over 63,000 domains in Malaysia.
The Kuala Lumpur, Malaysia-based company was founded in 2007 and booked $13 million in revenue for the 12 months ended June 30, 2025. It plans to list on the Nasdaq under the symbol GBH. D. Boral Capital is the sole bookrunner on the deal.
