InvestmentJun 24, 2026, 01:12 PM
Neucleus Group to IPO 4.5M Class A Shares at $4-$5 on Nasdaq
AI Summary
Neucleus Group Limited is launching an Initial Public Offering of 4,500,000 Class A Ordinary Shares, with an estimated price range of $4 to $5 per share. The company, a Malaysian scientific parental consultation service provider, intends to list its shares on the Nasdaq Capital Market under the symbol "NEUC". Post-IPO, it will operate as a "controlled company" due to its controlling shareholder retaining approximately 85.44% of the total voting power. The proceeds will be used for service development, sales and marketing, regional expansion, and general corporate purposes.
Key Highlights
- Initial Public Offering of 4,500,000 Class A Ordinary Shares.
- Expected IPO price range between $4 and $5 per Class A Ordinary Share.
- Intends to list Class A Ordinary Shares on Nasdaq under the symbol "NEUC".
- Controlling Shareholder will hold approximately 85.44% of total voting power post-IPO.
- 35% of proceeds for development and enhancement of service offerings and product lines.
- 25% of proceeds for sales, marketing, customer acquisition, and operational capacity.
- 20% of proceeds for regional expansion and business development initiatives.
- 20% of proceeds for working capital and other general corporate purposes.
- Company is a scientific parental consultation service provider in Kuala Lumpur, Malaysia.
- Revenue for fiscal year ended June 30, 2025 was $3,098,307.
Price Impact