Founder Group Ltd Completes IPO
Ticker: FGL · Form: 6-K · Filed: Oct 25, 2024 · CIK: 1989930
Sentiment: neutral
Topics: ipo, offering, company-news
TL;DR
Founder Group Ltd IPO closed Oct 24th with 1.2M shares.
AI Summary
On October 24, 2024, Founder Group Limited closed its initial public offering (IPO) of 1,218,750 ordinary shares. The IPO was completed under its registration statement on Form F-1 (File No. 333-281167). The company is based in Klang, Selangor Darul Ehsan, Malaysia.
Why It Matters
The completion of an IPO signifies a significant milestone for a company, providing access to public capital markets and increasing its visibility.
Risk Assessment
Risk Level: medium — As a newly public company, Founder Group Ltd faces the inherent risks associated with market volatility and the challenges of operating as a publicly traded entity.
Key Numbers
- 1,218,750 — Ordinary Shares (Number of shares sold in the IPO.)
Key Players & Entities
- Founder Group Limited (company) — The company that completed its IPO.
- October 24, 2024 (date) — Date the IPO closed.
- 1,218,750 (dollar_amount) — Number of ordinary shares offered in the IPO.
- Form F-1 (document) — The registration statement form used for the IPO.
- 333-281167 (document) — File number for the Form F-1 registration statement.
FAQ
What is the ticker symbol for Founder Group Limited?
The provided 6-K filing does not explicitly state the ticker symbol for Founder Group Limited.
What was the IPO price per share for Founder Group Limited?
The filing states the IPO closed on October 24, 2024, with 1,218,750 ordinary shares, but does not specify the price per share.
What is the principal executive office address of Founder Group Limited?
The principal executive office is located at No.17, Jalan Astana 1B, Bandar Bukit Raja, 41050 Klang, Selangor Darul Ehsan, Malaysia.
Under which SEC Act was this Form 6-K filed?
This Form 6-K was filed under the 1934 Act.
Does Founder Group Limited file annual reports under Form 20-F or Form 40-F?
Founder Group Limited indicates it files annual reports under Form 20-F.
Filing Stats: 491 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-10-24 20:58:57
Key Financial Figures
- $4.00 — 024. The Ordinary Shares were priced at $4.00 per share, and the offering was conduct
Filing Documents
- ea0218573-6k_founder.htm (6-K) — 18KB
- ea021857301ex10-1_founder.htm (EX-10.1) — 247KB
- ea021857301ex99-1_founder.htm (EX-99.1) — 11KB
- ea021857301ex99-2_founder.htm (EX-99.2) — 10KB
- ex99-1_001.jpg (GRAPHIC) — 7KB
- ex99-2_001.jpg (GRAPHIC) — 7KB
- 0001213900-24-090508.txt ( ) — 306KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Founder Group Limited By: /s/ Lee Seng Chi Name: Lee Seng Chi Title: Chief Executive Officer, Director, and Chairman of the Board of Directors Date: October 24, 2024 2 EXHIBIT INDEX Exhibit No. Description 10.1 Underwriting Agreement dated October 22, 2024 by and between the Company and Representative 99.1 Press Release dated October 22, 2024, announcing the pricing of the IPO 99.2 Press Release dated October 24, 2024, announcing the closing of the IPO 3