Society Pass (SoPa) announces pricing of IPO
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
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.
