WeBuy Global Ltd.

General Information

WeBuy Global is an e-commerce platform that connects Southeast Asian social media users with similar interests in food (groceries) and travel. The company, based in Singapore, caters to customers in Singapore and Indonesia. (Incorporated in the Cayman Islands) 

WeBuy Global provides its members with substantial savings on groceries and travel through its community buying or “buying club” business model – facilitated by group hosts, who place bulk orders on behalf of the group’s members, according to the prospectus.

*Note: Net loss and revenue figures are in U.S. dollars for the year that ended Dec. 31, 2022.

(Note: WeBuy Global Ltd. upsized its IPO at pricing to 3.8 million shares – up from 3.5 million shares in the prospectus – and priced the IPO at $4.00 – the low end of its $4.00-to-$4.50 range – to raise $15.2 million on Oct. 18, 2023. Background: WeBuy Global Ltd. cut the size of its IPO to 3.5 million shares – down from 4.0 million shares – and kept the price range at $4.00 to $4.50 – to raise $14.88 million, according to an F-1/A filing dated Aug. 3, 2023. In that same F-1/A filing, WeBuy Global Ltd. changed its sole book-runner to EF Hutton, replacing Univest.)

(Background: WeBuy Global Ltd. revised its IPO terms in an F-1/A filing dated June 16, 2023, as follows: The price range is $4.00 to $4.50 – replacing the previous assumed IPO price of $4.00 – and the number of shares was kept at 4.0 million shares – to raise $17.0 million. Previously: WeBuy Global revised the terms of its IPO in an F-1/A filing dated June 2, 2023: The IPO will consist of 4.0 million shares – with WeBuy Global offering 3.175 million shares and the selling stockholder selling 825,000 shares – at $4.00 (same as before) to raise $16.0 million. Previously the secondary portion of the IPO had amounted to 34 percent of the stock offered in the deal. Background:  WeBuy Global filed its F-1 on May 3, 2023; it submitted confidential IPO documents to the SEC on Sept. 21, 2022.)


Industry: Retail - E-Commerce - Groceries and Travel
Employees: 135
Founded: 2019
Contact Information
Address 35 Tampines Street 92 Singapore 528880
Phone Number +65 8859 9762
Web Address http://www.webuysg.com/
View Prospectus: WeBuy Global Ltd.
Financial Information
Market Cap $206.05mil
Revenues $44.56 mil (last 12 months)
Net Income $-6.7 mil (last 12 months)
IPO Profile
Symbol WBUY
Exchange NASDAQ
Shares (millions): 3.8
Price range $4.00 - $4.00
Est. $ Volume $15.2 mil
Manager / Joint Managers EF Hutton
Expected To Trade: 10/19/2023
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change