Founder Group Ltd

Founder Group Ltd (FGL) priced its initial public offering on Oct 22, 2024 at $4.00 per share, within its $4.00–$5.00 range, raising $4.9M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $67.7M. US Tiger was lead-left underwriter. Hunter Taubman Fischer & Li and Mourant advised the company and Sichenzia Ross Ference Carmel advised the underwriters.

Founder Group Ltd is an end-to-end engineering, procurement, construction and commissioning (EPCC) provider for solar PV facilities in Malaysia. It focuses on large-scale utility solar projects and commercial and industrial solar projects.

Status

IPO

Ticker

FGL

Exchange

Nasdaq Capital Market

Priced

Oct 22, 2024

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$4.9M

Market cap at IPO price

$67.7M

First filed

Aug 1, 2024

Underwriters

US Tiger

Company counsel

Hunter Taubman Fischer & Li and Mourant

Underwriters' counsel

Sichenzia Ross Ference Carmel

Sector

Other

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.