Fast Track Group (FTRK), a Singapore-based events and concert management company, priced its micro-cap IPO at $4.00 – the low end of its $4.00-to-$5.00 price range – and sold 3.75 million shares – the number of shares in the prospectus – to raise $15.0 million on Thursday night, May 22, 2025. At pricing, Fast Track Group had a market cap of $85.0 million.
Fast Track Group’s stock is expected to start trading today – Friday, May 23, 2025 – on NASDAQ.
Alexander Capital and Network 1 Financial are the joint book-runners.
Fast Track Group revived its IPO last month in a new F-1 filing on April 14, 2025 – the same date that the company withdrew its previous IPO plans in a letter to the SEC. The company is incorporated in the Cayman Islands.
Founded in 2012, Fast Track is a regional entertainment-focused event management and marketing company that provides a full range of services, including experiential marketing, artiste endorsement and management, movie premiere organizations, grand openings and concerts, the prospectus said. The company also does media planning and PR management.
“Leveraging our extensive experience, we have successfully orchestrated large-scale events featuring renowned Asian bands and artistes such as B.A.P, BTS, and David Tao,” the company said in the prospectus.
Fast Track Group is profitable, according to financial statements in the prospectus: Net income of $0.02 million on revenue of $0.87 million or revenue for the 12 months that ended Feb. 29, 2024 (in U.S. dollars converted from Singapore dollars).
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