Vistek, which provides cable laying services for power networks and telecoms in Singapore, withdrew its plans for an initial public offering on Wednesday. It had filed to raise $31 million by offering 6.3 million shares (40% secondary) at a price range of $4 to $6.
The Singapore-based company was founded in 2017 and booked $19 million in revenue for the 12 months ended August 31, 2025. It had planned to list on the Nasdaq under the symbol VTEK. Bancroft Capital was set to be the sole bookrunner on the deal.
