Digital solutions specialist Agmo targets RM22.1mil proceeds from IPO

KUALA LUMPUR: ACE Market-bound Agmo Holdings Bhd aims to raise RM22.1mil in proceeds from its initial public offering (IPO) to fund its business expansion plans.

At the launch of its IPO prospectus, the digital solutions and application development specialist said of the proceeds, RM9.47mil will be allocated for setting up R&D, sales, marketing and business development teams as well as technical support and maintenance service teams.