Singapore cybersecurity provider Evvolutions LeadTech increases shares offered by 33% ahead of $21 million US IPO
IPO Overview
Evvolutions LeadTech, a Singapore-based technology reseller and cybersecurity provider, raised the proposed deal size for its upcoming IPO on Wednesday.
The Singapore-based company now plans to raise $21 million by offering 5 million shares （21% secondary） at a price range of $4 to $4.50. The company had previously filed to offer 3.8 million shares （28% secondary） at the same range. Evvolutions has originally filed to offer 2.5 million shares （100% primary） at a range of $4 to $5. At the midpoint of the revised deal size, Evvolutions LeadTech will raise 33% more in proceeds than previously anticipated.
Evvolutions is a cybersecurity provider offering a comprehensive suite of products and services, including threat detection, vulnerability management, compliance advisory, and ransomware negotiation. Operating in Singapore and Vietnam, it served approximately 111 customers in the FY24, with a focus on government agencies, enterprises, and private organizations across Southeast Asia. The company operates four main business segments: Cybersecurity Solutions, DevSecOps Integration Services, Security Operations Centre （SOC） Management Services, and Secured Media and Information Technology Management Solutions （ITMS）。 In addition to its proprietary platforms and services, Evvolutions also acts as a reseller of IT hardware to support solutions integration.
Evvolutions LeadTech was founded in 2011 and booked $8 million in revenue for the 12 months ended September 30, 2025. It plans to list on the NYSE American under the symbol EVVO. Network 1 Financial Securities is the sole bookrunner on the deal.
About the Company
We are an end-to-end cybersecurity provider in Singapore which aims to empower businesses through digital transformation by leveraging digital media, artificial intelligence （“AI”）， Internet of Things （“IoT”）， and mobility and cloud computing. We modernize, migrate and manage our customers’ technology stack, helping them to operate more securely and efficiently in an increasingly complex digital landscape. Our cybersecurity expertise, coupled with our multidisciplinary capabilities, positions us as a potential technology partner for public sector agencies and private enterprises as they navigate the future of digital transformation. We have successfully delivered projects across Southeast Asia, supporting industries such as financial services, supply chain, healthcare, manufacturing and government, and have been recognized by the Infocomm Media Development Authority （“IMDA”） in Singapore as one of the curated ICT firms offering ready and relevant digital solutions to meeting the digitalization needs of corporations. Since our establishment in 2011, we have transitioned from a media solutions company to a business focused on cybersecurity solutions and emerging technologies, while still providing secured media and ITMS solutions to niche industries. With operations in Singapore and Vietnam, we have built a reputation for delivering large-scale, innovative and secured digital transformation solutions to government agencies, financial institutions, healthcare organizations and private enterprises.
