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Founder Group Priced, Nasdaq: FGL

Malaysian provider of engineering and construction services for solar projects.

Industry: Utilities

Latest Trade: $3.06 0.00 (0.0%)

First Day Return: -21.0%

Return from IPO: -23.5%

Industry: Utilities

Our mission is to provide customers innovative solar installation services, promote eco-friendly resources and achieve carbon-neutrality. We are a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. Our primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. Large-scale solar projects are utility scale solar PV power plants with installed generating capacity of 1 MWac or more. Large-scale solar projects are ground mounted and are designed to supply power to the power grid. For the majority of our large-scale solar projects, we usually act as the contractor to the project awarder, who is the main contractor for a solar project. As an EPCC provider, we assume most of the responsibility for the entire project lifecycle, from design and engineering to material procurement, construction, installation, integration, and commissioning. After the acceptance of our projects by our clients, we provide performance warranty during the defect liability period, which is typically 24 months. Our goal is to ensure seamless project execution, adhering to the highest industry standards and delivering optimal performance and reliability.
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IPO Data
IPO File Date 08/01/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.2
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/22/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.2
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Tiger Brokers
Company Data
Headquarters Klang, Malaysia
Founded 2021
Employees at IPO 45
Website www.founderenergy.com.my

Founder Group (FGL) Performance