Orangekloud Technology Inc.

Orangekloud Technology Inc. (ORKT) priced its initial public offering on Jul 25, 2024 at $4.75 per share, within its $4.75–$5.25 range, raising $13.1M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $108.1M. Maxim Group was lead-left underwriter. Bird & Bird ATMD, Harneys and Loeb & Loeb advised the company and Pryor Cashman advised the underwriters.

ORANGEKLOUD TECHNOLOGY INC. is a Cayman Islands holding company whose Singapore and Malaysia subsidiaries operate from Singapore. It offers eMOBIQ, a no-code platform for building enterprise mobile applications, and OK365, a web portal solution that collects customer data.

Status

IPO

Ticker

ORKT

Exchange

Nasdaq Capital Market

Priced

Jul 25, 2024

IPO price

$4.75

Price range

$4.75–$5.25

Raised

$13.1M

Market cap at IPO price

$108.1M

First filed

Feb 20, 2024

Underwriters

Maxim Group

Company counsel

Bird & Bird ATMD, Harneys and Loeb & Loeb

Underwriters' counsel

Pryor Cashman

Sector

Technology

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