PEOPLElogy Berhad (“PEOPLElogy” or “the Company”), a provider of integrated people development solutions, has launched its Initial Public Offering (“IPO”) prospectus today. This event marks a significant step toward the Company’s proposed listing on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) in 20 May 2025.
With strong growth potential, supported by its competitive advantages and key strengths, PEOPLElogy aims to raise estimated gross proceeds of RM26.25 million through the issuance of 105,000,000 new ordinary shares at an IPO price of RM0.25 per share. Based on the Company’s enlarged issued share capital of 411,716,936 shares and the aforesaid IPO price, the market capitalisation will be approximately RM102.93 million.
The proceeds raised from the IPO will enable PEOPLElogy to support the Company’s business expansion. PEOPLElogy has earmarked 32.38% of the proceeds to finance the establishment of a Cyber Range computer simulation lab; 15.24% for the expansion through strategic investments, Mergers and Acquisitions (“M&A”) opportunities; 11.43% for the Research and Development (“R&D”) software; 11.05% for the expansion of offices and training centers in Indonesia and Philippines; 3.81% for the expansion of offices and training centers in East Malaysia; and 0.38% for setting up regional office in Singapore. The remainder of the proceeds will be utilised for the general working capital and listing-related expenses.
As an integrated people development solutions provider, PEOPLElogy’s value proposition is to equip individuals, businesses, and the government with digital skills necessary to advance the Country’s digital economy aspirations. The Company is an investment holding company, and through its subsidiaries and associate company, PEOPLElogy specialises across three key business segments which include Discovery, Development, and Digital segments. Presently, PEOPLElogy offers a customised 6 Dimensions (“6D”) framework to achieve effectiveness and alignment with the client’s goals and requirements.
Mr. Allen Lee, Non-Independent Executive Director/Managing Director of PEOPLElogy Berhad said, “As we celebrate our current achievements, our focus is also firmly on the future as our endeavour does not end here. With the IPO proceeds, we are gearing up to grow our Company through our business plans and strategies. PEOPLElogy intends to do this by establishing a Cyber Range computer simulation lab, as the demand for Cybersecurity programmes has increased due to numerous factors which include, amongst others, the growing number of cyber threats and data breaches affecting individuals, especially organisations in Malaysia.”
He further added, “The Company’s business strategies complement our existing business solutions across our key business segments and business framework. PEOPLElogy has recognised the demand and urgency in equipping individuals and organisations with the skills and knowledge needed to conquer the digital world. The Company aspires to be the largest PEOPLE Development Solutions Provider in Southeast Asia that aims to reshape the way how people work, learn, and grow in the future.”
Datuk Roslan Hj. Tik, Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank Berhad said, “We are honoured to have played a pivotal role in supporting PEOPLElogy’s listing on the ACE Market and are thrilled to participate in this significant milestone. This progression will elevate the Company’s visibility within the industry, and position PEOPLElogy for greater growth and success. We eagerly anticipate the continued growth of our partnership, as PEOPLElogy works toward achieving its long-term strategic goals.”
In conjunction with the launch, the application period of PEOPLElogy’s IPO will commence today and closes on 6 May 2025 at 5.00 p.m. Kenanga Investment Bank Berhad is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.