Autocount IPO: 7 Things Investors Should Take Note
By SmallCapAsia • April 17, 2023
On 14 April 2023, Autocount Dotcom Bhd (Autocount) issued its IPO Prospectus (Part 1 and Part 2) at 33 sen a share on Bursa Malaysia. Upon listing, its market capitalisation shall be lifted up to RM 181.7 million. The subscription to its IPO shares will end on 25 April 2023 and the listing date is set tentatively to be on 9 May 2023. Source: Page 17 of Autocount’s IPO ProspectusHere, I’ll summarize 7 things to know before subscribing to its shares as follows:
#1 Business Model
Autocount develops financial management softwares (accounting, payroll, POS) under the ‘Autocount’ brand and distributes them via its network of Authorised Dealers and its internal sales and marketing team to end-users (mainly SMEs) in the ASEAN region (mainly Malaysia and Singapore). Presently, Autocount has: 269 authorised dealers. Sold 70,000 Autocount Software Licences. Used by 210,000 businesses & companies of diverse...
