Business
Republic Power Group Limited Announces Pricing of Initial Public Offering
Republic Power Group Limited (the "Company"), a provider of customized enterprise resource planning software solutions, consulting and technical support services, and peripheral hardware, announced the pricing of its initial public offering (the "Offering") of 2,120,000 Class A ordinary shares, 1,250,000 of which are being offered by the Company and 870,000 by selling shareholders at a price to the public of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for l
About this update from Republic Power Group Limited
[{"type":"text","content":"SINGAPORE, Oct. 14, 2025 /PRNewswire/ -- Republic Power Group Limited (the "Company"), a provider of customized enterprise resource planning software solutions, consulting and technical support services, and peripheral hardware, announced the pricing of its initial public offering (the "Offering") of 2,120,000 Class A ordinary shares, 1,250,000 of which are being offered by the Company and 870,000 by selling shareholders at a price to the public of US$4.00 per Class A ordinary share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 14, 2025 under the ticker symbol "RPGL."","length":710,"tagName":"p"},{"type":"text","content":"The Company expects to receive aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses. The selling shareholders expect to receive aggregate gross proceeds of US$3.48 million before deducting underwriting discounts and expenses. The Offering is expected to close on or about October 15, 2025, subject to the satisfaction of customary closing conditions.","length":439,"tagName":"p"},{"type":"text","content":"Net proceeds from the Offering will be used by the Company for research and development, investment in marketing and branding, and other capital expenditures, recruitment of talented professionals, and general corporate purposes and possible future acquisitions and growth opportunities.","length":287,"tagName":"p"},{"type":"text","content":"The Offering is being conducted on a firm commitment basis. Bancroft Capital, LLC ("Bancroft Capital") is acting as the lead managing underwriter and book-runner for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Company, and The Crone Law Group, P.C. is acting as U.S. counsel to Bancroft Capital in connection with the Offering.","length":386,"tagName":"p"},{"type":"text","content":"A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-288465) and, as amended, was declared effective by the SEC on September 30, 2025. The Offering is being made only by means of a prospectus forming a part of the re...