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VCI International (NASDAQ:VCIG), a Malaysian consulting group, has reportedly postponed its downsized $8M US preliminary public providing.
The corporate postponed the deal on Wednesday. Boustead Securities and Sutter Securities are serving as joint bookrunners on the deal, in keeping with Renaissance Capital.
The corporate had hoped to record its shares on Nasdaq underneath the image VCIG.
Based mostly in Kuala Lumpur, VCI affords expertise and enterprise consulting providers, together with IPO preparation, for companies and government-linked businesses. The corporate’s shoppers are based mostly in Malaysia, China, Singapore and the US.
VCI downsized the proposed IPO from $15M to $8M in March.
On Monday, Malaysian IoT options firm ARB IOT (ARBB) held an US preliminary public providing, elevating $5M.
