Nuren Group Plans Nasdaq IPO, Engages ZICO Evolve Capital As Financial Advisor

KUALA LUMPUR, May 5 (Bernama) -- Malaysia-based technology company Nuren Group Ltd (Nuren) plans to list on the Nasdaq Stock Exchange in the United States (US).

Group chief executive officer Petrina Goh said the proposed listing marks a significant milestone in Nuren’s next phase of growth as Nuren and its subsidiaries (Nuren Group) seek to broaden their capital markets footprint and tap into the deep liquidity and global investor base of the US markets.

“This is more than just a listing. It is a positive step forward in our mission to build Southeast Asia’s most trusted ecosystem for women, from marriage to motherhood,” she said in a statement today.

Nuren also partnered with ZICO Evolve Capital Sdn Bhd as its financial advisor for the initial public offering (IPO).

ZICO Evolve Capital noted that together with its holding company, ZICO Holdings Inc (ZICO) and its partner, Evolve Capital Advisory Pte Ltd, said their engagement as advisors will include overall capital markets strategy, listing readiness, liaison with and coordination of professionals, and assistance with capital structure.

ZICO Evolve Capital and ZICO’s executive director Chew Seng Kok said Nuren Group represents the kind of purposeful, high-growth company that resonates with global investors, especially on Nasdaq.

bootstrap slideshow

“We are excited to work closely with the team to help unlock greater access to capital, global branding opportunities, and a long-term road map for international expansion,” he said of the ASEAN-based multidisciplinary professional services provider.

Nuren Group is currently listed on the National Stock Exchange of Australia (NSX) and is assessing whether to involve a dual listing on both NSX and Nasdaq or delisting from NSX.

“A final decision will be made once approval for listing on Nasdaq is obtained from the US Securities and Exchange Commission; all material considerations have been evaluated.

“Further announcements will be made in due course to update shareholders on the proposed listing structure and any consequential corporate actions, including delisting, if applicable,” Nuren Group said.

Nuren Group’s portfolio encompasses leading platforms such as Motherhood.com.my, Motherhood Parenting SuperApp, Kelabmama.com, Ibuencer.com, and Wedding.com.my, where it delivers cutting-edge solutions and services across media, e-commerce, parenting, and maternity sectors.

--BERNAMA