Treasure Global Inc

Treasure Global Inc (TGL) priced its initial public offering on Aug 12, 2022 at $4.00 per share, within its $4.00–$6.00 range, raising $8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $67.3M. Benchmark was lead-left underwriter. Carmel, Milazzo & Feil advised the company and Nelson Mullins advised the underwriters.

Treasure Global Inc operates an online-to-offline e-commerce platform that offers consumers instant rebates and cashback programs. Its ZCITY App, launched in Malaysia in June 2020, provides an e-payment solution with rebates at online and physical merchants.

Status

IPO

Ticker

TGL

Exchange

Nasdaq Capital Market

Priced

Aug 12, 2022

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$8M

Market cap at IPO price

$67.3M

First filed

Apr 19, 2022

Underwriters

Benchmark

Company counsel

Carmel, Milazzo & Feil

Underwriters' counsel

Nelson Mullins

Sector

Business services

Country / state

NY

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