ALPS Global aims to raise US$100mil via Nasdaq IPO

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The story "ALPS Global aims to raise US$100mil via Nasdaq IPO" was covered 4 hours ago by The Star, a news publisher based in Malaysia.

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The Star 4h ago

ALPS Global aims to raise US$100mil via Nasdaq IPO - The Star

Quick Summary:

KUALA LUMPUR: Integrated biotech group ALPS Global Holding Bhd, which is en route to a Nasdaq listing in the fourth quarter of 2024, aims to raise US$100 million to fund its expansion, clinical studies, and manufacturing plant.

Tham foresees the establishment of BioValley will significantly enhance the country’s biotech ecosystem over the next 10 to 20 years.

On July 17, Science, Technology and Innovation Minister Chang Lih Kang said ALPS’ Nasdaq listing demonstrates Malaysia’s ability to produce high-tech companies capable of competing globally, elevating the country’s profile internationally.