Starbox Group Holdings Ltd.

Starbox Group Holdings Ltd. (STBX) priced its initial public offering on Aug 23, 2022 at $4.00 per share, within its $4.00–$5.00 range, raising $20M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $180M. Hunter Taubman Fischer & Li and Mourant advised the company and Loeb & Loeb advised the underwriters.

Starbox Group Holdings Ltd. is building a cash rebate, digital advertising and payment solution ecosystem for micro, small and medium enterprises. Through subsidiaries in Malaysia, where substantially all operations are located, it connects retail merchants with shoppers.

Status

IPO

Ticker

STBX

Exchange

Nasdaq Capital Market

Priced

Aug 23, 2022

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$20M

Market cap at IPO price

$180M

First filed

Jun 15, 2022

Company counsel

Hunter Taubman Fischer & Li and Mourant

Underwriters' counsel

Loeb & Loeb

Sector

Business services

Country / state

Malaysia

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