VCI Global announces completion of YY Group IPO on Nasdaq

VCI Global (VCIG) announced the completion of YY Group Holding’s (YYGH) initial public offering on the Nasdaq Capital Market. With strong specialization in IPO consulting, VCI Global facilitated YYGH’s entire IPO journey, leading to its commencement of trading on Monday with a market capitalization of over $100 million. YYGH, founded in Singapore, is a data and technology-driven company that specializes in creating enterprise intelligent labor matching services and smart cleaning solutions. Through its subsidiaries, YYGH offers enterprise manpower outsourcing and smart cleaning services, with clients including Ritz-Carlton, McDonald’s, Cainiao Smart Logistics, and others. With fast growing annual revenues exceeding $20m in FY2022, and regional expansion extending its reach from Singapore to Thailand, Malaysia and Hong Kong, YYGH is poised for rapid expansion across Asia and beyond with the guidance of VCIG. This IPO represents a significant milestone for VCI Global, generating approximately $5.2 million in revenue and underscoring VCI Global’s revenue and profit growth in the IPO consulting sector, laying the foundation to deliver further IPOs in the US.