Dezign Format says that it attracted commitments from various institutional investor groups, such as Asdew Acquisitions, Lion Global Investors, Maybank Asset Management, Nikko Asset Management, Pheim Asset Management and Ginko-AGT Global Growth Fund.
Based on the invitation price and the post-invitation share capital of the company of 200 million
shares; the company’s post-IPO market capitalisation is $40.0 million.
“This IPO will enable us to facilitate our regional expansion plans, particularly through our new Malaysia production facility and upcoming sales offices in Thailand and Vietnam. We're especially enthusiastic about our virtual reality initiatives and the licence partnerships that will extend our reach across Southeast Asia,” says Mike Chong, Dezign Format’s CEO and executive chairman.
