Republic Power Group Ltd. (RPGL) of Singapore priced its small IPO at $4.00 – the low end of the range – and sold 2.12 million shares – the number of shares in the prospectus – to raise $8.48 million on Monday night, Oct. 13, 2025.
Shares of Republic Power Group Ltd. (RPGL) started trading at $4.20 – up 20 cents from their IPO price – in their NASDAQ debut at noon EDT today – Tuesday, Oct. 14, 2025. Volume: 176,919 shares.
Republic Power Group Ltd. (RPGL) ended at $4.98 – up 98 cents from their IPO price – in their first day of NASDAQ trading on Tuesday, Oct. 14, 2025, on volume of 4,444,173 shares.
Bancroft Capital, a firm majority owned by U.S. military veterans, served as the sole underwriter.
Of the 2.12 million shares in the IPO, Republic Power Group offered 1.25 million shares and the selling shareholders offered 870,000 shares, according to the prospectus. The company will not receive any proceeds from the sale of the selling shareholders’ stock.
Republic Power Group Ltd. provides customized software development services, technology solutions, consulting and technical support services, and peripheral hardware to corporate clients and government agencies based in Singapore and Indonesia, the prospectus said. Airports, cruise terminals, technology companies and law enforcement agencies are among its clients. Republic Power Group’s customized software “provides clients with real-time monitoring, efficient resource allocation, planning surveillance and threat detection,” the company said in the prospectus.
The company is not profitable: Republic Power Group Ltd. reported a net loss of $1.04 million on revenue of $0.51 million (about $506,000) for the 12 months that ended June 30, 2024, according to financial statements in the prospectus.
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