Vistek, which provides cable laying services for power networks and telecoms in Singapore, raised the proposed deal size for its upcoming IPO on Tuesday.
The Singapore-based company now plans to raise $31 million by offering 6.3 million shares (40% secondary) at a price range of $4 to $6. The company had previously filed earlier this year to raise $19 million by offering 3.8 million shares (30% secondary) at the same range, and originally filed in January 2025 to raise $10 million. At the midpoint of the range, Vistek will raise roughly 66% more in proceeds than previously anticipated, and command a market value of $120 million.
Vistek was founded in 2017 and booked $19 million in sales for the 12 months ended August 31, 2025. It plans to list on the Nasdaq under the symbol VTEK. Bancroft Capital is the sole bookrunner on the deal.
