Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Starbox Group Holdings Ltd. Announces Closing Of Us.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option – According to the F-1 list, Starbox Group Holdings Ltd. (NASDAQ: STBX ) has asked to raise $22.5 million in an IPO of its stock.

While the IPO’s low nominal price may attract weak market-watching investors in the early days, I’m holding on to the IPO.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Starbox, based in Kuala Lumpur, Malaysia, is designed to enhance the ability of retailers to deliver payments through technology such as its website and mobile apps.

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The board is led by President and CEO, Lee Chun-wooi, who has been with the company since January 2020 and was previously the director of Teclutions, a marketing and e-commerce company.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Starbox underwrote $955,000 in equity and debt through September 30, 2021 from investors including ZYZ Group Holdings, Liu Marketing, EVL Corporation, WJG Group and CC Growth Edge.

Starbox is looking for retailers who want to promote their discounted products to potential customers, as well as get a lower price.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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The company collects information on its website to help it create information about consumer behavior that can be used by advertisers and marketers.

Marketing and advertising expenses as a percentage of total revenue decreased as revenue increased, as the following table shows:

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Business and Professional Development Report FYE 30 September 2021 5.3% FYE 30 September 2020 103.9% Click to enlarge

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Advertising and marketing leverage, which means the number of additional dollars of revenue generated for each dollar of advertising and marketing, is 18.0x over the previous period. (Your location)

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

According to Global Market Research Report 2021, the e-commerce market in Malaysia is expected to be USD 7.1 billion in 2021 and is expected to reach USD 13.8 billion by 2025..

The main driver of this demand is the high demand for everyday products that consumers want to buy online, such as food and groceries.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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Total Income Total Income % Change VS Pre-FYE September 30, 2021 $3,166,228 1957.8% FYE September 30, 2020 $153,863 Operating Profit (Loss) Operating Profit (Operating Profit, September 20, 2020) 889 67.6 % FYE September 30, 2020 $ (190, 163) -123.6% Profit (or) Period Profit (Loss) Net Margin FYE September 30, 2021 $ 1, 420, 2020 September 20, 2020, 308) -6.5% Period Profit operating FINANCIAL STATEMENTS September 30, 2021 $1,883,895 FYE September 30, 2020 $ (342, 348) (Details Summary) Click enlar

Starbox plans to raise $22.5 million in proceeds from its IPO, offering 5 million shares at an average price of $4.50 per share.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Assuming the IPO is successful, the market value of the IPO will be approximately $181 million, net of the underwriter’s risk of excess distribution.

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The number of outstanding shares (excluding the previous notes) will be approximately 11.1%. An amount below 10% is generally considered a ‘floating’ factor that can cause price fluctuations.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

About 60% to expand their business to other Southeast Asian countries, including [i] establishing representative offices or selecting local partners and hiring key copywriters who know the local language and culture, [ii] Integrating our websites and applications are carried with it. local representative offices or partners, and [iii] promoting our products in those countries; about 20% software and technology improvements; and 20% to promote their brand in Malaysia. (Your location)

Regarding the lawsuits, the manager said that he is not aware of any lawsuits that could have a negative impact on his assets or his operations.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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IPO $202,500,000 1957.82% (Dictionary) Click to enlarge

STBX is seeking investment from the United States government to support its expansion plans beyond its core business in Malaysia and other Southeast Asian countries.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

The financial institution pointed out that the higher income comes from a lower base, a change in operating results and a better profit from operations.

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Marketing and advertising expenses decreased as a percentage of total revenue as revenue increased; The trading and reporting multiple was 18.0x in the last financial year.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

The company now plans to pay a dividend on its stock and hopes to use the proceeds to reinvest in the business.

The e-commerce market opportunities in Malaysia are huge and it is expected to grow at a strong CAGR of 18% by 2025.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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Channel 1 Financial Papers is the author, and the IPO led by the company in the last 12 months has a negative average return (82.7%) from their IPO. This was a low performance for all major writers at the time.

The main impact on the company’s outlook is its reliance on advertising revenue, which is still very low.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Based on the estimate, management is asking investors to pay a market price/earnings multiple of 57x, which is high for a small company with a short track record.

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I am the founder of IPO Edge at Seeking Alpha, a research service for investors interested in IPOs in the US economy. Client has research, analysis, news, commentary, opinion, and discussion on US IPOs. Sign up now to get ‘inside’ access to new issues coming to market before and after the IPO. Get started with a 14-day trial.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Disclosure: I/We do not own shares, options or similar positions in any of the companies mentioned, and we have no plans to start trading in the next 72 hours. This article is written by myself, and it reflects my opinion. I’m not getting paid for this (other than getting the alpha). I have no business affiliation with any of the companies whose shares are mentioned in this article.

Re-Introduction: Investing in new ventures can be a difficult and confusing process. My research focuses on finding the best companies at the best price, but sometimes I make mistakes. I analyze the performance of the company below and my results will not change the market on the first day or the first new issue, which can be chaotic and not useful for the wealth of the company. This report is for educational purposes only and is not financial, legal or investment advice. The information stated or contained herein may be changed, inaccurate, out of date and irrelevant, or removed at any time without notice. You should do your research on financial issues before making a decision. Investing in new problems will lead to big changes and loss of influence.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Company Owned Stores Hi Res Stock Photography And Images

If you have an adblocker turned on, you can prevent it from running. Please disable your ad and try again. FILE – A sign is displayed outside a McDonald’s restaurant in Des Moines, Iowa, Tuesday, April 27, 2021. On Tuesday, March 8, 2022, McDonald’s said it is temporarily closing all 850 of its restaurants in Russia. to return the country to Ukraine. The burger giant said it would continue to pay its 62,000 workers in Russia. (AP Photo/Charlie Neibergel, File)

DETROIT (AP) – McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric __ global brands and symbols of American companies __ all announced Tuesday that they are closing their locations in Russia to return to Ukraine. removed.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

McDonald’s President and CEO Chris Kempczynski said in an open letter to employees: “Our findings mean we cannot ignore the unnecessary human suffering taking place in Ukraine.”

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The Chicago-based burger giant said it will temporarily close 850 stores but will continue to pay its 62,000 workers in Russia who “pour their hearts and souls into the McDonald’s brand.”

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

“This issue is very difficult for an international brand like ours, and there are many opinions,” Kempczynski wrote in the letter. For example, McDonald’s works with hundreds of suppliers in Russia, serving millions of customers every day.

Last Friday, Starbucks said it was donating proceeds from its 130 stores in Russia, which are owned and operated by Kuwait’s Alshaya Group, to aid relief efforts in Ukraine. But on Tuesday, the company backtracked and said it would temporarily close the stores. Starbucks President and CEO Kevin Johnson said in an open letter to employees that Alshaya Group will continue to pay Starbucks’ 2,000 Russian employees.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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“Through this transition, we will continue to make decisions based on our mission and values ​​and communicate them clearly,” Johnson wrote.

The Coca-Cola Company has announced that it has closed its business in Russia, but there is little information available. Coke’s partner, Switzerland-based Coca-Cola Hellenic Bottling Co, has 10 bottling plants in Russia, its biggest market. Coke has a 21% stake in the Coca-Cola Hellenic Bottling Company.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

Purchase, New York-based PepsiCo said it will stop selling the drink in Russia. It will also slow investment and marketing.

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But the company said it will continue to supply milk, milk powder and more.

Starbox Group Holdings Ltd. Announces Closing Of Us$21.5 Million Initial Public Offering Including Partial Exercise Of Over-allotment Option

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