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TechCreate Group Ltd. (NYSE American: TCGL) completed its initial public offering of 2.55 million class A ordinary shares at $4.00 per share, raising $10.2 million in gross proceeds before underwriting costs and expenses.
The Singapore-based payment software solutions provider began trading on the NYSE American on October 15, 2025. The company granted underwriters a 45-day option to purchase an additional 382,500 shares to cover over-allotments, which could increase total gross proceeds to $11.73 million if exercised in full.
Cathay Securities Inc. served as lead underwriter and Revere Securities LLC acted as co-underwriter for the offering. The transaction was conducted under a registration statement on Form F-1 that became effective with the Securities and Exchange Commission on September 30, 2025.
Founded in 2015, TechCreate provides digital payment and infrastructure solutions to financial institutions, telecommunications companies and enterprises. The company’s services include real-time payment systems, digital banking platforms, API management, cybersecurity and cloud computing solutions.
The company operates its proprietary Artificial Intelligence Real-Time Engine, which the company states is designed for payment processing applications.