KUALA LUMPUR (Dec 15): Semico Capital Bhd has launched its ACE Market listing that could raise nearly RM28 million for the arcade machine supplier and toy distributor, as well as its shareholders.
The initial public offering (IPO) is priced at 25 sen per share, according to the prospectus unveiled on Monday. The public issue will raise RM23.17 million for Semico’s expansion, while RM4.5 million from an offer for sale will go to a vehicle controlled by chief executive officer Tai Lee Chuen and his wife Ang Sew Fong.
Application for the IPO will close on Jan 2, 2026, with the company scheduled for listing on Jan 13, 2026.
Semico ventured into the trading of video game arcade and amusement machines some two decades ago. The company now also operates one family entertainment centre located in The Mines.
The toys-and-collectibles division, meanwhile, involves wholesale and distributions to specialised convenience stores, hobbyist stores and toy stores that are involved in retailing toys and collectables, or to arcade operators as game prizes.
At the IPO price, Semico will have a market capitalisation of RM90 million upon listing.
Semico is allocating about 45% of the proceeds to purchase new arcade and amusement machine distribution, as well as replace the existing machines.
“The family entertainment industry is expected to grow by 10% a year until 2029 due to steady demand for leisure activities, strong domestic tourism and ongoing government initiatives,” Tai said at the prospectus launch.
The company, which distributes toys from 68 brands, including Pop Mart known for its Labubu plushies, has earmarked about 11% of the funds raised for purchasing toys and collectables.
Semico is also setting aside about 17% as working capital, including to expand its workforce by technical, sales and support staff over the next two years. The rest will be used to repay bank borrowing, fund working capital, and to defray estimated listing expenses.
Affin Hwang Investment Bank is the IPO’s principal adviser, sponsor, sole replacement agent and sole underwriter.