MSAV Holdings, a Malaysia-based audiovisual and LED display equipment provider, filed on Friday with the SEC to raise up to $25 million in an initial public offering.
The company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, MSAV Holdings would command a market cap of $125 million.
MSAV Holdings operates through its Malaysian subsidiary, Mekar Subur AV, a provider of audiovisual and LED display equipment solutions based in Kuala Lumpur. The company generates revenue through three activities: short-term event-driven equipment rental, equipment sales, and long-term usage-based lease arrangements at semi-permanent installations. Its equipment portfolio includes LED display screens, projection systems, professional audio systems, and related accessories, deployed at hotels, convention centers, corporate events, concerts, and government functions across Malaysia. The company serves both event organizers seeking temporary setups and commercial venues requiring longer-term installations, with on-site technical support and maintenance provided alongside equipment delivery.
The Kuala Lumpur, Malaysia-based company was founded in 2013 and booked $4 million in revenue for the 12 months ended December 31, 2025. It plans to list on the Nasdaq under the symbol MSAV. MSAV Holdings filed confidentially on December 22, 2025. Arc Group Securities and Prime Number Capital are the joint bookrunners on the deal.
