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Starbox Group Holdings Priced, Nasdaq: STBX

Provides a payments app in Malaysia that offers cash rebates.

Industry: Technology

Latest Trade: $2.49 +0.17 (+7.3%)

First Day Return: +285.0%

Return from IPO: -42.0%

Industry: Technology

We are building a cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing. Through our subsidiaries in Malaysia, we connect retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants. Substantially all of our current operations are located in Malaysia. Our cash rebate business is the foundation of the business ecosystem we are building. We have cooperated with retail merchants, which have registered on the GETBATS website and mobile app as “Merchants,” to offer cash rebates on their products or services, which have attracted retail shoppers to register on the GETBATS website and mobile app as “Members” in order to earn cash rebates for shopping online and offline. As the number of Members grows and sales of the existing Merchants increase, more retail merchants are willing to cooperate with us.
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IPO News for Starbox Group Holdings
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IPO Data
IPO File Date 06/15/2022
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 5.0
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 08/22/2022
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 5.0
Deal Size ($mm) $20
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Kuala Lumpur, Malaysia
Founded 2019
Employees 17
Website www.starboxholdings.com