Get all the key details about Trident Digital Tech Holdings’ IPO, including the date, price, and allotment information.
Trident Digital Tech Holdings has published that its IPO has been floated on the 23rd of August 2024. It is a leading digital transformation enabler, specializing in e-commerce enablement and digital optimization services. The company aims to gather US$10.80 million with 1.8 million shares, with a price range of US$5.00 to US$7.00 per share.
Table of Contents
- Company Overview
- Company Strategy
- IPO Profile
- IPO Objective
- Application Process of IPO
- Financial Analysis of Company
- Competitor Analysis
- Details on Company Management
- Manager/ Joint Manager
- Co-Managers
- Company Address
Company Overview
Trident is a Singapore-based leading digital transformation solutions provider for SMEs involved in the e-commerce enablement and digital optimization sector. The firm provides its clients with services such as digital strategy, e-commerce enablement, analytics, and customer engagement. Trident Digital Tech Holdings empowers SMEs to respond to the challenges and opportunities of the digital economy through the implementation of advanced technologies and in-depth knowledge of the business environment. The company always strives to be a client-focused business and ensures it provides its clients with sustainable solutions.
Company Strategy
Trident Digital Tech Holdings is committed to the use of advanced technologies to improve its Web 3. 0-enabled e-commerce platform. These goals are focused on increasing the company’s market share, using enormous growth prospects in the context of digitalization that is expected to occupy large markets by 2027. Trident’s goal is to realize higher solutions in business and operation infrastructures to achieve effectiveness and customer satisfaction. For sustainable growth, the firm works towards environmental and social governance, where sustainability and stakeholder management are put into consideration. With this kind of approach, Trident can create a competitive angle in the ever-expanding market dominated by digital technology.
IPO Profile
| Symbol: | TDTH |
| Exchange: | NASDAQ |
| Shares: | 1.8 million |
| Price Range: | US$5.00 to US$7.00 |
| Estimated Value: | US$10.8 million |
| Manager/ Joint Managers | WallachBeth Capital |
| Co-managers | Revere Securities |
IPO Objective:
It plans to improve the company’s capital base enabling expansion, research, and development in the digital transformation industry, particularly for SMEs in Singapore. The funds raised will be used to improve internal business processes and reach more clients as the global need for new technologies intensifies and competition rages in the tech field.
Application Process of IPO
To invest in NASDAQ, it is necessary to make use of a brokerage account. As a first step, enroll in a reliable brokerage firm that offers trading in NASDAQ, and fill out the registration form with your basic and financial information. In the next step, make some deposits into your account in preparation for buying shares. Upon registration of the account, fund the account and then proceed to the trading platform. Go to the TDTH and type the number of shares you wish to buy. If you prefer, you can enter a market order at the prevailing market price or a limit order at which you do not wish to pay more and leave a submitted order.
Financial Analysis of the Company
Financials in millions of USD
| Particulars (in million USD) | 2022 | 2021 |
| Revenue | 1.26 | 0.66 |
| Gross Profit | 0.26 | 0.2 |
| Operating Income | -1.26 | -0.1 |
| Pretax Income | -1.12 | 0.06 |
| Net Income | -1.13 | 0.03 |
| EBITDA | -1 | 0.07 |
| EBIT | -1.12 | 0.06 |
Trident Digital Tech Holdings reported strong revenue growth, rising from US$0.66 million in 2021 to US$1.26 million in 2022. However, the company faces profitability challenges, with operating income falling to a loss of US$1.26 million in 2022, compared to a loss of US$0.1 million in 2021. Net income also turned negative, from a slight profit of US$0.03 million to a loss of US$1.13 million. Despite the growth, Trident’s financials indicate rising costs and operational inefficiencies, key considerations for potential investors as the company prepares for its IPO
Competitor Analysis
Here are some top competitors:
Seer Technologies
Seer Technologies is a company that deals in software development and specializes in offering solutions in various lines of business. Focusing on software engineering, cloud solutions, and digital transformation itself the company leverages innovations such as artificial intelligence, machine learning, and blockchain to improve business processes. Seer Technologies aims to work with its clients to design, develop, and implement innovative software solutions that meet the organizations’ needs and objectives while offering bespoke solutions in a fast-paced and continuously changing technological environment.
Dcastalia
Dcastalia is a future-focused technology solutions provider organization dealing in big data and analytics along with artificial intelligence. The firm provides a suite of services focusing on data solutions, which can be viewed as data stewardship, data mining, and other intelligence services that turn the mass of data into value-added services for companies. Dcastalia is a strategic organization that uses advanced technologies to improve decision-making, operational excellence, and business performance. Dcastalia aims to be a leading and innovative provider of data solutions to companies interested in bringing value into the new digital environment.
Yas Arghavani System Engineering
Yas Arghavani System Engineering is a technology firm providing systems engineering and high-tech systems integration services. The services offered include its capability in system design, software development, and IT structure management, and its specialty lies in systems improvement in numerous industries. The Yas Arghavani System Engineering utilizes the latest technologies and engineering knowledge to provide optimized solutions for enhanced effectiveness, productivity, and dependability. The company strives to be an industry driver and a partner in technological breakthroughs and quality delivery.
Acttao
Acttao is an innovative software technology company working in IT solutions and digital enabling services. The firm aims at incubating unique software solutions, incorporating features of artificial intelligence and machine learning, and offering complete digital transformation solutions. The services that Acttao has vested in include software application development, systems integration, and analysis services that are useful to companies to improve operation processes and achieve growth. As for the experience and technologies used for customer services, Acttao is a company that focuses on modern technologies and a customer-oriented approach to help organizations enhance their performance in the digital world.
Details on Company Management
- Soon Huat Lim – Founder, Chairman and Chief Executive Officer
- Haiyan Huang – Chief Financial Officer
- Poh Kiong Tan – Chief Technology Officer and Director nominee
Manager/ Joint Managers of Trident Digital Tech Holdings
WallachBeth Capital
WallachBeth Capital, LLC, is a well-established financial services company engaged in the provision of brokerage and advisory solutions to institutional clients. The services it provides are equity and fixed-income trading services, investment banking, and market research services. WallachBeth Capital has gained a reputation as a specialist in execution and consulting for institutional investors and corporations. Therefore, contemplating a profound insight into its operating environment and solid industry associations, the firm has the purpose of providing high value as well as helping its clients realize strategic financial objectives.
Co-Managers of Trident Digital Tech Holdings
Revere Securities
Revere Securities is a brokerage and investment solutions company that deals with institutional and retail investors. They mainly deal in equity, trading in fixed-income instruments, and advisory services for equities, fixed-income and other investments. Revere Securities is centered on providing excellent client service, inventive trade concepts, and research. To facilitate this, the firm utilized its domain knowledge and technology to develop solutions that drive improvements in investment performance while helping clients achieve their goals
Conclusion
Trident Digital Tech Holdings’ IPO presents a significant opportunity for investors interested in the burgeoning field of digital transformation. To raise $10.8 million through the sale of 1.8 million shares priced between $5.00 and $7.00, the company is poised to leverage these funds for expansion and innovation. Despite current financial challenges, including recent losses, Trident’s commitment to advancing e-commerce and digital solutions positions it well for future growth. Keep an eye on this IPO for potential long-term gains in the digital techn
