Sum Technology Bhd launched an initial public offering priced at RM0.28 per share on Malaysia's ACE Market to raise RM32.76 million through new shares without any offer for sale by existing shareholders [1]. The company plans to use over half of the IPO proceeds as working capital, with 17% allocated to expanding its headquarters, 8.7% to set up an office in the Philippines, 7.6% on design and development, and the remainder on listing expenses [1]. Sum Technology is scheduled to list on June 18, 2026, with an estimated market capitalization of RM126 million and a trailing price-to-earnings ratio of nearly 21 times based on its 2025 net profit of RM6.06 million and revenue of RM65.67 million [1].
Pentech Holdings Bhd also launched its IPO on the ACE Market with an offer price of RM0.20 per share to raise RM34.4 million exclusively through new shares, with no selling shareholders involved [2, 3, 4]. It is set to list earlier on June 15, 2026, with a post-IPO enlarged share capital of approximately 620 million shares and an expected market valuation of RM124 million. This implies a price-to-earnings ratio of about 12 times based on its 2025 net profit of RM10.59 million [2, 3, 4].
Pentech CEO Yeoh Chin Ming, who controls 52% of the company, said the IPO will support growth through technological and operational enhancements and market expansion [2, 3, 4]. The company plans to spend about 70% of the funds on expansion, including RM9.4 million to build a new Security Operations Centre (SOC), RM8.1 million to upgrade its Operations Command Centre (OCC), RM6.74 million for overall business expansion, RM3.5 million for marketing, RM2.16 million for working capital, and RM4.5 million for listing-related costs [2, 3, 4]. Yeoh described the SOC as a new service to meet growing cybersecurity needs for over 1,000 existing customers and to comply with Malaysia's 2024 Cybersecurity Law requiring enterprises to report cyber incidents [4].
Pentech plans to upgrade its OCC infrastructure to handle more complex IT environments and increase device capacity from about 1,000 to 5,000, enabling management of around 150 clients and allowing higher service fees and revenue [4]. Yeoh said, "We believe this IPO will support our next phase of growth through enhancement of technological capabilities, strengthening of operational capacity and expansion of market presence" [2]. He also noted, "如今每家公司都需要网络安全保护，就像每个人都需要保险一样" (Nowadays every company needs cybersecurity protection just like everyone needs insurance) [4]. On the OCC upgrade, he added, "目前运营指挥中心已为约150名客户提供服务，未来希望吸纳更多客户，而这需要更高的技术与管理能力。过去或许只能支援约1000台电脑设备，如今透过新技术，将有能力管理多达5000台设备" (The current Operations Command Centre serves about 150 clients; in the future, we hope to attract more customers, which requires advanced technical and management capabilities. Previously we supported about 1,000 devices; through new technology, we can now manage up to 5,000 devices) [4].
Pentech’s IPO share allocation includes 31 million shares for public offering, 31 million shares reserved for qualified directors, employees, and contributors, another 32.5 million for private placement, and 77.5 million shares reserved for Bumiputera investors approved by the Ministry of International Trade and Industry (MITI) [4].
Sum Technology and Pentech launched their IPO applications and released prospectuses on May 20, 2026. The closing date for Sum Technology was June 4, while Pentech's IPO closed on May 29 with ballots conducted on June 4 [1, 2, 3, 4]. Pentech allocated IPO shares to successful applicants on June 11 before its listing on June 15 [4]. Sum Technology is set to list three days later on June 18 [1].
