VCI Global completes Founder Group’s IPO on Nasdaq

VCI Global (VCIG) announce the IPO of its client, Founder Group Limited’s (FGL) on Nasdaq on October 23, 2024. FGL is a leading Malaysian solar engineering, procurement, construction and commissioning company that was spun off from Reservoir Link Energy Berhad, a Bursa Malaysia-listed company. With expertise in capital market consultancy, VCI Global facilitated FGL’s entire IPO journey, culminating in its trading debut on Wednesday, which resulted in a market capitalization exceeding $65 million and raised $4.875 million. FGL is recognized as the market leader in Malaysia’s solar EPCC sector, providing end-to-end EPCC solutions for solar photovoltaic facilities. As the IPO consultant for FGL, VCI Global played a crucial role in providing essential guidance and working closely with various professionals throughout the listing process, generating approximately $5.2 million in revenue for VCI Global.