OrangeKloud Technology Inc.
| General Information | |
| Business: | (Incorporated in the Cayman Islands) Based in Singapore, we supply software development services to small and medium-sized enterprises (SMEs) in Singapore and Malaysia through our operating subsidiaries:
*Note: Net loss and revenue are in U.S. dollars for the 12 months that ended Dec. 31, 2023. (Financial results are shown here in U.S. dollars – converted from Singapore dollars – according to the prospectus.) (Note: OrangeKloud Technology priced its small-cap IPO at $4.75 – the bottom of its $4.75-to-$5.25 range – and priced 2.75 million shares – the number in the prospectus – to raise $13.06 million on Wednesday night, July 24, 2024. Background: OrangeKloud Technology Inc. raised the lower end of its price range to $4.75 – up from $4.25 previously – to set the new price range at $4.75 to $5.25 – and kept the number of shares at 2.75 million shares – to raise $13.75 million, according to an F-1/A filing dated July 1, 2024.)(Note: OrangeKloud Technology Inc. increased the size of its small-cap IPO – to 2.75 million shares – and increased the price range to $4.25 to $5.25 – to raise $13.06 million, according to an F-1/A filing dated June 24, 2024. With its most recent filing, OrangeKloud Technology expanded the IPO’s size back to just a notch below its original terms disclosed in late February 2024. Background: OrangeKloud Technology increased its IPO’s size in a May 8, 2024, filing (an F-1/A) with the SEC – enlarging the IPO to 2.5 million shares at a price range of $4.00 to $5.00 – to raise $11.25 million.) (More Background: In an F-1/A filing dated March 21, 2024, OrangeKloud Technology cut its IPO’s size to 2.0 million shares – down from 3.0 million shares – and kept the price range at $4.00 to $5.00 – to raise $9.0 million. Background: OrangeKloud Technology Inc. filed its F-1 on Feb. 20, 2024, in which it disclosed terms for its small-cap IPO: 3.0 million shares at a price range of $4.00 to $5.00 to raise $13.5 million.) |
| Industry: | SERVICES - PRE-PACKAGED SOFTWARE |
| Employees: | 67 |
| Founded: | 2003 |
| Contact Information | |
| Address | 1 Yishun Industrial Street 1 #04-27/28&34 Aposh Building Bizhub Singapore, 768160 |
| Phone Number | +65 6317 2050 |
| Web Address | http://www.msc-consulting.com.sg/ |
| View Prospectus: | OrangeKloud Technology Inc. |
| Financial Information | |
| Market Cap | $108.06mil |
| Revenues | $4.62 mil (last 12 months) |
| Net Income | $-0.99 mil (last 12 months) |
| IPO Profile | |
| Symbol | ORKT |
| Exchange | NASDAQ |
| Shares (millions): | 2.8 |
| Price range | $4.75 - $4.75 |
| Est. $ Volume | $13.1 mil |
| Manager / Joint Managers | Maxim Group |
| CO-Managers | |
| Expected To Trade: | 7/25/2024 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |