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ARB IOT Group Priced, Nasdaq: ARBB

Provides IoT system integration and support services in the ASEAN region.

Industry: Technology

Latest Trade: $0.81 0.00 (0.0%)

First Day Return: -3.8%

Return from IPO: -79.7%

Industry: Technology

We are a provider of complete solutions to our clients for the integration of Internet of Things (“IoT”) systems and devices from designing to project deployment. Our mission is to become a leading player in the IoT landscape in the ASEAN region. We offer a wide range of IoT systems as well as provide customers a substantial range of services such as system integration and system support service. We deliver holistic solutions with full turnkey deployment from designing, installation, testing, pre-commissioning, and commissioning of various IoT systems and devices as well as integration of automated systems, including installation of wire and wireless and mechatronic works. Currently, we have organized our operations into four business lines: IoT Smart Home & Building, IoT Smart Agriculture, IoT System Development, and IoT Gadget Distribution. We have benefited from ARB Berhad’s experience, reputation and network in Malaysian information technology (“IT”) industry. As an operating segment of a seasoned Malaysian public company, we have gained from established business processes and a veteran leadership team, allowing us to focus our attention on growing and developing our IoT business.
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IPO Data
IPO File Date 09/30/2022
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/04/2023
Offer Price $4.00
Price Range $4.00 - $6.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Maxim Group LLC
Company Data
Headquarters Kuala Lumpur, Malaysia
Founded 1997
Employees 41
Website www.arbiotgroup.com

ARB IOT Group (ARBB) Performance