Securemetric Berhad has moved one step closer to becoming a public listed entity with the launch of its prospectus in conjunction with the Company’s listing on the ACE Market of Bursa Malaysia Securities Berhad. Retail offering of 17 million shares for the Malaysian public closes on 30th October 2018 and the Company is slated for listing on 13th November 2018.

Securemetric and its subsidiaries offer digital security products and solutions mainly across South East Asia, namely Malaysia, Vietnam, The Philippines, Indonesia, and Singapore.

The Group’s expertise lies in software licensing protection, two-factor authentication (“2FA”), Public Key Infrastructure (“PKI”) and centralised authentication management system.

The Group’s strong expertise and proven track record is backed by its local and foreign client base from diverse industries such as government organizations, financial institutions, public certification authorities, software development companies and IT service providers.

For financial year ended 31 December 2017, more than 85% of the Group’s revenue was derived overseas.

At the IPO price of RM0.25 per share, Securemetric will list with market capitalization of RM60.9 million and raise RM17.0 million from its Initial Public Offering (“IPO”).

Of the total proceeds, RM5.70 million will be utilized for development of new digital security solutions, RM5.16 million for working capital purposes and RM1.70 million for business expansion. The remaining proceeds of RM4.44 million will be used for repayment of borrowings and defrayment of IPO expenses.

Chief Executive Officer of Securemetric, Edward Law shared, “We are confident of the growth potential of digital security solutions in South East Asia, especially within the financial and government sectors. With increasing adoption of technology by businesses and governments, enhanced digital security solutions is of utmost importance to avoid data leakages and economic losses arising from cyberattacks.”

“We are well positioned to benefit from growing emphasis by corporates and governments on having robust digital security solutions to safeguard data, information, and assets. The potential market size for 2FA, PKI, authentication management systems and software licensing protection dongles in South East Asia is expected to exceed RM8 billion by 2020.”

Securemetric’s IPO involves a total offering of 68 million new ordinary shares, in the following manner:

• 17.0 million shares to the Malaysian public by way of balloting;
• 48.0 million shares to selected investors by way of private placement; and
• 3.0 million shares to eligible employees.

TA Securities Holdings Berhad is the Principal Adviser, Sponsor, Underwriter and Placement Agent for Securemetric’s IPO.

Twitter