VCI Global Completes Sagtec Global Limited’s Nasdaq IPO, Earning US$5.7 Million in Advisory Revenue

Core Insights - Sagtec Global Limited successfully completed its IPO, raising US$7 million and achieving a post-listing valuation of over US$50 million [1][2] - V Capital Consultancy Group Limited facilitated the IPO, marking its third successful Nasdaq listing within a year [1][2] - Sagtec specializes in customizable software solutions for the Food and Beverage sector, enhancing operational efficiency across various industries [3][6] Financial Performance - Sagtec's total unaudited revenue for 2024 reached approximately US$11.63 million, representing an 82.29% increase from the previous year [4] - The company's flagship product, Speed+, surpassed 10,000 subscribers, reflecting a growth of approximately 47% in subscriptions [4][6] Strategic Importance - The IPO is seen as a pivotal milestone for Sagtec, providing resources to scale operations and expand into new markets [5] - VCI Global aims to help more companies achieve their ambitions through strategic partnerships and capital market expertise [6]