Malaysia's cash rebate, payments firm StarBox seeks $23m in US IPO

Malaysia's cash rebate, payments firm StarBox seeks $23m in US IPO

REUTERS/Eric Thayer

StarBox Holdings, a Malaysian cash rebate, digital advertising and payments company, has filed to raise about $23 million in an initial public offering (IPO) in the US, making it the first Malaysian firm to directly list on Nasdaq.

In a statement, StarBox said its listing on Nasdaq, which will take place on August 23, will be a “litmus test and ice breaker” for Malaysian companies seeking to list in the US directly. Other Malaysian companies have listed in the US through SPAC or uplisting.

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