No data to display.

Society Pass (SoPa) announces pricing of US$26 million initial public offering

By Hemanth on Nov 12, 2021 | 04:32 AM IST

Picture credit: The Financial express


Society Pass Incorporated (Nasdaq: SOPA) (“SoPa” or the “Company”), a leading Southeast Asian data-driven loyalty platform, today announced the pricing of its initial public offering of 2,888,889 shares of common stock (the “Shares”) at a price of US$9.00 per share. The shares have been approved for listing on the Nasdaq Capital Market ("Nasdaq")and will trade under the ticker symbol "SOPA" beginning November 9, 2021.

The Company has granted the underwriters a 45-day option to purchase up to 433,333 additional shares at the initial public offering price to cover over-allotments, if any. The offering is expected to close on November 12, 2021, subject to customary closing conditions.

Maxim Group LLC is acting as sole book-running manager for the offering.

A registration statement relating to the Shares was declared effective by the SEC on November 8, 2021. The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.


About Society Pass:

SoPa’s customer loyalty and analytics platform has onboarded hundreds of thousands of registered consumers. SoPa provides merchants with SoPa.asia – an online commerce platform for users, alongside with #HOTTAB Biz – a convenient order management app for business partners on SoPa.asia, and #HOTTABPOS – a specialized POS technology solution, a comprehensive system for payment, loyal customer management, user’s profile analytics, and convenient financial support packages for small and medium-sized enterprises. All tools offered above will allow businesses to attract and retain customers through personalized interaction based on analytics with a high profit margin. SoPa also operates www.leflair.com,Vietnam’s leading lifestyle e-commerce platform.

Stock View