Society Pass Incorporated.

Society Pass Incorporated. (SOPA) priced its initial public offering on Nov 10, 2021 at $9.00 per share, within its $8.00–$10.00 range, raising $26M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $170.5M. Crone Law Group and Carmel, Milazzo & Feil advised the company and Loeb & Loeb advised the underwriters.

Society Pass Incorporated acquires and operates e-commerce platforms and mobile applications through subsidiaries including Society Technology LLC, SoPa Technology and HOTTAB. Its group markets to both consumers and merchants, currently in Vietnam.

Status

IPO

Ticker

SOPA

Exchange

Nasdaq Capital Market

Priced

Nov 10, 2021

IPO price

$9.00

Price range

$8.00–$10.00

Raised

$26M

Market cap at IPO price

$170.5M

First filed

Jul 20, 2021

Company counsel

Crone Law Group and Carmel, Milazzo & Feil

Underwriters' counsel

Loeb & Loeb

Sector

Business services

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