TL;DR:
- VCCG carve-out and sharpens focus on IPO consulting services.
- Two Nasdaq listings completed: Sagtec and Agroz.
- Secured three new IPO advisory mandates.
- Nasdaq rule proposals shift opportunities toward SEA issuers.
- Preparing for VCCG’s own 2026 IPO.
2025 moved fast. A year defined by strategic milestones and the strengthening of VCCG’s position as a regional leader in IPO services. Our biggest transformation was V Capital Consulting Group (“VCCG”) officially carving out as an independent entity from VCI Global Limited (NASDAQ: VCIG), with our own identity and mandate, we now operate with clearer focus: delivering structured IPO consulting services, cross-border listing execution, and capital market readiness for Southeast Asian companies aiming for global exchanges.
This year, we also celebrated two Nasdaq listings: Sagtec Global Limited (NASDAQ: SAGT) and Agroz Inc. (NASDAQ: AGRZ). Sagtec wrapped up its IPO journey in just 18 months – a new record for us and a proud moment for the team. And Agroz, a standout agritech listing that added another meaningful chapter to our cross-border IPO story. Together, these wins showed how far we’ve come in navigating complex regulations and executing international listings with precisions.
Beyond the listing floor, we welcomed three new mandates: ALGOBiZZ Berhad, a regional tech growth company preparing for a global debut, Saturn Agtech, an industrial-sector player gearing up for international expansion, and V Gallant, a tech-forward company developing integrated solutions. These partnerships reflect growing confidence in VCCG’s approach to pre-IPO readiness, governance, and investor engagement.
Looking into early 2026, our pipeline is equally exciting, Both VCCG’s own carve-out IPO and V Gallant Limited’s carve-out IPO are in motion, with listings expected in Q1 and Q2 respectively. It’s shaping up to be a strong start to the year, and yes, we are feeling the momentum to have 4 companies in the listing process.
Of course, the year also brought new challenges. Nasdaq’s proposed listing requirements – including higher minimum offering proceeds for companies principally operating in China (US$25 million), a minimum market value of unrestricted publicly shares (US$15million), and accelerated delisting for companies that fail to meet continued listing standards – created pressure across the ecosystem.
Yet, despite the tougher landscape, we see opportunities. Stricter Nasdaq rules for Chinese companies may redirect investor attention toward Southeast Asian issuers – thanks to lower setup and operating costs, growing talent and innovation ecosystems, and regulatory frameworks that increasingly align with global listing standards. Companies that proactively strengthen governance, compliance, and cross-border readiness will gain a competitive edge. Southeast Asia is steadily emerging as a cost-effective, high-potential alternative for international investors seeking growth-stage listings.
Good chapters — and many more ahead.
2025 was a year of strategic focus, global execution, and forward-looking growth. Moving forward, VCCG isn’t just advising on IPOs – we are walking the journey with them, shaping standards in cross-border capital markets leadership and strengthening the region’s competitiveness in global listings.