OrangeKloud Technology Inc.

General Information
Business:

(Incorporated in the Cayman Islands) 

Based in Singapore, we supply software development services to small and medium-sized enterprises (SMEs) in Singapore and Malaysia through our operating subsidiaries: 

  • MSC Consulting
  • OrangeKloud Singapore
  • MSCI Consulting 

*Note: Net loss and revenue are in U.S. dollars for the 12 months that ended Dec. 31, 2023.  (Financial results are shown here in U.S. dollars – converted from Singapore dollars – according to the prospectus.)

(Note: OrangeKloud Technology priced its small-cap IPO at $4.75 – the bottom of its $4.75-to-$5.25 range – and priced 2.75 million shares – the number in the prospectus – to raise $13.06 million on Wednesday night, July 24, 2024. Background: OrangeKloud Technology Inc. raised the lower end of its price range to $4.75 – up from $4.25 previously – to set the new price range at $4.75 to $5.25 – and kept the number of shares at 2.75 million shares – to raise $13.75 million, according to an F-1/A filing dated July 1, 2024.)

(Note: OrangeKloud Technology Inc. increased the size of its small-cap IPO – to 2.75 million shares – and increased the price range to $4.25 to $5.25 – to raise $13.06 million, according to an F-1/A filing dated June 24, 2024. With its most recent filing, OrangeKloud Technology expanded the IPO’s size back to just a notch below its original terms disclosed in late February 2024. Background: OrangeKloud Technology increased its IPO’s size in a May 8, 2024, filing (an F-1/A) with the SEC – enlarging the IPO to 2.5 million shares at a price range of $4.00 to $5.00 – to raise $11.25 million.)

(More Background: In an F-1/A filing dated March 21, 2024, OrangeKloud Technology cut its IPO’s size to 2.0 million shares – down from 3.0 million shares – and kept the price range at $4.00 to $5.00 – to raise $9.0 million. Background: OrangeKloud Technology Inc. filed its F-1 on Feb. 20, 2024, in which it disclosed terms for its small-cap IPO: 3.0 million shares at a price range of $4.00 to $5.00 to raise $13.5 million.)

Industry: SERVICES - PRE-PACKAGED SOFTWARE
Employees: 67
Founded: 2003
Contact Information
Address 1 Yishun Industrial Street 1 #04-27/28&34 Aposh Building Bizhub Singapore, 768160
Phone Number +65 6317 2050
Web Address http://www.msc-consulting.com.sg/
View Prospectus: OrangeKloud Technology Inc.
Financial Information
Market Cap $108.06mil
Revenues $4.62 mil (last 12 months)
Net Income $-0.99 mil (last 12 months)
IPO Profile
Symbol ORKT
Exchange NASDAQ
Shares (millions): 2.8
Price range $4.75 - $4.75
Est. $ Volume $13.1 mil
Manager / Joint Managers Maxim Group
CO-Managers
Expected To Trade: 7/25/2024
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
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