24/7 Market News Snapshot 07 March, 2025 – VCI Global Limited Ordinary Share (NASDAQ:VCIG)

March 7, 2025

DENVER, Colo., 07 March, 2025 (247marketnews.com) – (NASDAQ:VCIG) are discussed in this article.
VCI Global Limited has demonstrated robust momentum in its market presence as its stock, trading under the ticker VCIG, recorded a significant surge on a recent trading day. Opening at $0.695, the stock witnessed an exceptional increase, climbing to $0.953—an impressive rise of 39.25% from its previous closing price of $0.684. This notable performance was bolstered by a substantial trading volume of 7.14 million shares, indicating heightened investor interest and confidence in VCI Global’s trajectory.

In conjunction with this positive market development, VCI Global recently celebrated a major achievement with the successful initial public offering (IPO) of its client, Sagtec Global Limited, which occurred on March 7, 2025. This pivotal event, facilitated by VCI Global’s capital market advisory arm, V Capital Consultancy Group Limited (VCCG), resulted in raising US$7 million and led to a post-listing valuation for Sagtec exceeding US$50 million. As the primary advisor for Sagtec’s IPO, VCCG provided essential strategic direction throughout the listing process, marking its third successful IPO in the past year.

Sagtec, recognized for its innovation in the Food and Beverage (F&B) sector, offers advanced software solutions such as customizable table ordering and self-service kiosks. Their flagship product, Speed+, has surpassed 10,000 subscribers, reflecting impressive growth with a 47% increase within a competitive landscape.

Kevin Ng, Chairman and CEO of Sagtec, emphasized that the Nasdaq listing represents a vital milestone, further enabling the company to scale its operations and address emerging market opportunities. Dato’ Victor Hoo, Group Executive Chairman and CEO of VCI Global, noted that Sagtec’s IPO underscores the importance of strategic partnerships in achieving market success, reinforcing VCI’s commitment to helping Southeast Asian companies realize their ambitions on prominent platforms like Nasdaq. Such accomplishments highlight VCI Global’s role in propelling innovation and growth within the regional tech ecosystem.

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