Vietnamese e-commerce enabler Society Pass files for $27m Nasdaq IPO

Vietnamese e-commerce enabler Society Pass is seeking to raise as much as $27 million through a Nasdaq IPO, according to its listing prospectus filed with the US Securities and Exchange Commission on Monday.

The company, which will be listed on the US bourse under the ticker SOPA, will offer nearly 2.9 million shares, which can generate net proceeds of approximately $23.3 million. The total proceeds could reach nearly $27 million if the underwriters’ option to purchase additional shares is exercised in full.

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