02:35 PM EDT, 10/15/2025 (MT Newswires) -- Republic Power Group ( RPGL ) said Wednesday it closed its initial public offering of 2.12 million class A ordinary shares priced at $4 each, raising about $8.5 million in total, including $5 million for the company and $3.48 million for selling shareholders.

The Singapore-based enterprise software and consulting firm's shares began trading on the Nasdaq Capital Market on Tuesday under the RPGL ticker.

Republic Power ( RPGL ) said it plans to use proceeds from the offering to fund research and development, marketing, recruitment, and potential acquisitions.

Shares were down 17.1% in recent afternoon trading.

Price: 4.13, Change: -0.85, Percent Change: -17.07