Founder Group Limited Successfully Listed on the Nasdaq Capital Market
Industry: Industrial
Listing Date: October 2024, Nasdaq Capital Market
Funds Raised: US$4.87 Million
Partners: Internationally Reputable Investment Banks
DY Group Holdings Limited successfully assisted Founder Group Limited (FGL) in its IPO on the Nasdaq Capital Market, raising US$4.87 million in capital, demonstrating the growth potential of Asian companies in the US capital market.
Founder Group Limited provides engineering, procurement, construction, and commissioning (EPCC) solutions for commercial and industrial solar projects in Malaysia. The company also provides installation, testing, and commissioning of photovoltaic modules, inverters, and DC cables, as well as related engineering services; the supply of photovoltaic support structures; piling services; and operations and maintenance services. For this IPO, Founder Group Limited partnered with a renowned international investment bank to issue 1.22 million Class A common shares at US$4.00 per share, laying a solid foundation for future expansion.