Republic Power Group (RPGL) said early Tuesday it priced its initial public offering of 2,120,000 class A ordinary shares at $4 each.
The enterprise resource planning software provider said it's offering 1,250,000 of the shares, with the rest offered by certain shareholders.
The company will use the net proceeds for research and development, investment in marketing and branding, and other uses.
Republic Power Group said it expects its shares to start trading on the Nasdaq Capital Market Tuesday under the ticker symbol RPGL. The IPO is expected to close by Wednesday.