VCIG's Consulting Arm, V Capital Consulting Group, Secures IPO Advisory Mandate with Malaysia's Leading Cloud Tax Platform

VCIG's Consulting Arm, V Capital Consulting Group, Secures IPO Advisory Mandate with Malaysia's Leading Cloud Tax Platform

Benzinga
June 25, 2025

KUALA LUMPUR, Malaysia, June 25, 2025 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ:VCIG) ("VCI Global") is honored to announce that its consultancy arm, V Capital Consulting Group Limited ("VCCG" or the "Company"), has secured a Nasdaq initial public offering (IPO) advisory mandate with ALgoBiZZ Berhad ("ALgoBiZZ"), a Malaysia-based cloud tax solution provider. Under this mandate, VCCG will serve as the IPO consultant for ALgoBiZZ's planned Nasdaq listing, targeted for completion in 2026.

ALgoBiZZ is a Malaysia Digital (MD) Status company and the only cloud tax platform officially endorsed by the Inland Revenue Board of Malaysia. The company has significantly transformed the tax services industry by enabling over 1000 tax professionals to digitize their workflows and facilitating more than 500,000 e-Filing submissions, reducing manual errors, enhancing accuracy, and accelerating compliance. With Web-API integration, tax filings can be completed in as little as 3 seconds, offering a substantial improvement in both efficiency and user experience. Backed by MDEC as a Technology Solution Provider since 2020, ALgoBiZZ is actively expanding across Southeast Asia, with a growing presence in Indonesia, Singapore, Vietnam, and China.

"The decision to pursue a public listing is a significant one, and with VCCG's proven track record and strategic guidance, we are confident as we embark on this next phase of growth," said Serene See, Founder and Chief Executive Officer of ALgoBiZZ.

As part of this engagement, VCCG will provide comprehensive IPO consultancy services, including guidance on equity structuring and capital market strategy, coordination with key external professionals such as underwriters, auditors, and legal advisors, support in regulatory approvals, and recommendations on compliance and internal control frameworks.

This mandate underscores VCCG's position as a leading IPO advisor in the region, helping Southeast Asia's most promising tech companies access U.S. ...

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