Sagtec Global Limited Announces Pricing of Initial Public Offering

Rhea-AI Summary

Sagtec Global (NASDAQ: SAGT), a Malaysian software solutions provider known for its Speed+ cloud POS system with QR Pay integration, has announced the pricing of its Initial Public Offering (IPO). The company is offering 1,750,000 ordinary shares at $4.00 per share, expecting to raise approximately $7 million in gross proceeds before deductions.

The company has granted the sole book-running manager, The Benchmark Company, , a 30-day over-allotment option to purchase up to 262,500 additional ordinary shares at the IPO price. Trading is scheduled to commence on the Nasdaq Capital Market on March 7, 2025, under the ticker symbol 'SAGT', with the offering expected to close on March 10, 2025.

Positive

• IPO will raise $7 million in gross proceeds
• Listing on major exchange (Nasdaq Capital Market)
• 30-day over-allotment option for additional 262,500 shares

Negative

• Small IPO size may limit market liquidity
• Potential dilution from over-allotment option

Insights

Financial Analyst

Sagtec Global 's IPO represents a modest but significant entry into the US public markets for this Malaysian technology company. The $4.00 per share pricing and $7 million expected gross proceeds place this in the smaller-tier of Nasdaq IPOs, suggesting scale at this stage of development.

The offering of 1.75 million ordinary shares with an over-allotment option for an additional 262,500 shares is structured typically for smaller tech IPOs. While the $7 million capital raise is relatively small, it provides Sagtec with public company status and potential access to additional capital in the future.

The company's focus on cloud-based POS systems with integrated QR payment functionality addresses the rapidly digitalizing F&B sector in Southeast Asia. However, the modest raise suggests Sagtec may face challenges in scaling against larger, established global POS competitors. The capital infusion will likely target expansion beyond Malaysia into neighboring markets, though the size may constrain growth velocity.

Investors should note that smaller IPOs often face greater price volatility and liquidity challenges post-listing. While Sagtec's listing provides exposure to Southeast Asian tech markets through a US exchange, the public information on revenue metrics, growth rates, and profitability makes valuation assessment challenging at this stage.

Tech Industry Expert

Sagtec's Speed+ cloud POS system with integrated QR payments addresses a critical digital transformation need in Malaysia's F&B sector where mobile payment adoption continues accelerating. The company's positioning as having "revolutionized" the industry suggests significant traction, though concrete metrics are absent from this announcement.

The cloud-based approach offers scaling advantages over legacy POS systems, particularly in Southeast Asian markets where infrastructure flexibility is valuable. QR payment integration is particularly strategic in Malaysia and broader ASEAN markets where QR-based transactions have seen rapid consumer adoption.

The relatively modest $7 million raise indicates Sagtec likely remains in early commercialization phases rather than mature growth. This capital will be important for product development acceleration and potential geographic expansion beyond Malaysia into neighboring Southeast Asian markets with similar F&B digitalization needs.

From a competitive standpoint, Sagtec faces challenges from both global POS providers and regional players. Its decision to list on Nasdaq rather than regional exchanges indicates ambitions beyond local markets, though building brand recognition in the crowded global restaurant technology space requires substantial marketing investments. The success of this technology play will hinge on Sagtec's ability to demonstrate ongoing innovation and secure enterprise-level partnerships to drive adoption.

KUALA LUMPUR, Malaysia, March 06, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions that has revolutionized Malaysia’s Food and Beverage industry with Speed+, a pioneering cloud point of sale (POS) system integrated QR Pay, today announced the pricing of its initial public offering (the “Offering”) of an aggregate 1,750,000 ordinary shares at a public offering price of $4.00 per share. In addition, the Company has granted the sole book-running manager a 30-day option (the “Over-Allotment Option”) to purchase up to an additional 262,500 ordinary shares from the Company at the initial public offering price, less underwriting discounts and commissions. The Company expects to receive total gross proceeds from the Offering of approximately $7 million, before deducting underwriting discounts and commissions and offering expenses, excluding any exercise of the Over-Allotment Option.

The ordinary shares are expected to begin trading on the Nasdaq Capital Market on March 7, 2025, under the ticker symbol “SAGT”. The Offering is expected to close on March 10, 2025, subject to customary closing conditions.

The Benchmark Company, LLC is acting as sole book-running manager for the Offering.

The Offering is being conducted pursuant to the Company’s registration statement on Form F-1 related to the Offering, as amended (File No. 333-284053), which was filed with the United States Securities and Exchange Commission (the “SEC”) and was declared effective on March 6, 2025. The Offering is being made only by means of a prospectus forming a part of the registration statement. Electronic copies of the final prospectus relating to the Offering may be obtained, when available, by visiting the SEC’s website located at http://www.sec.gov or by contacting: The Benchmark Company, LLC, 150 E. 58^th St., 17^th Floor, New York, NY 10155, by telephone at +1 212-312-6700 or by email at Prospectus@benchmarkcompany.com.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the Company’s securities, nor shall there be any offer, solicitation, or sale of such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sagtec Global Limited

Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries, including Key Opinion Leaders (KOLs). Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd.

For more information on the Company, please log on to https://www.sagtec-global.com/.

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events, including but not limited to, the Offering. Known and unknown risks, uncertainties and other factors, including those listed under “Risk Factors” in the registration statement on Form F-1 related to the Offering, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

Contact Information:

Sagtec Global Limited Contact:
Kevin Ng
Chairman, Executive Director & Chief Executive Director
Telephone +6011-6217 3661
Email: info@sagtec-global.com

FAQ

What is the IPO price for Sagtec Global (SAGT) shares?

Sagtec Global (SAGT) has priced its IPO at $4.00 per ordinary share.

How many shares is Sagtec Global (SAGT) offering in its IPO?

Sagtec Global is offering 1,750,000 ordinary shares, with an additional over-allotment option of 262,500 shares.

When will SAGT stock begin trading on Nasdaq?

SAGT shares are expected to begin trading on the Nasdaq Capital Market on March 7, 2025.

How much money does Sagtec Global (SAGT) expect to raise from its IPO?

Sagtec Global expects to raise approximately $7 million in gross proceeds, before deducting underwriting discounts and expenses.

Who is the underwriter for the Sagtec Global (SAGT) IPO?

The Benchmark Company, is acting as the sole book-running manager for the IPO.