Concorde International Group Ltd Successfully Closes $5 Million IPO

Concorde International Group Ltd. Class A ( (CIGL) ) has shared an update.

On April 21, 2025, Concorde International Group Ltd entered into an Underwriting Agreement for its initial public offering (IPO) of 1,250,000 Class A Ordinary Shares at $4.00 per share, with trading commencing on Nasdaq under the symbol ‘CIGL’ on April 22, 2025. The IPO closed on April 23, 2025, generating gross proceeds of $5 million, with net proceeds of approximately $4.4 million after expenses. The funds will be used for the purchase and rollout of electric vehicular mobile command centers, research and development, market development, and general corporate purposes. This IPO marks a significant step in the company’s growth strategy, potentially enhancing its market position and operational capabilities.

More about Concorde International Group Ltd. Class A

Concorde International Group Ltd is a Singapore-based company specializing in integrated security solutions and facilities management services. Established in 1997, it has transitioned from traditional security services to a technology-driven approach, deploying advanced systems like CCTV, sensors, and mobile command vehicles to enhance operational efficiency.

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