Malaysian semiconductor firm SQ Advanced Interconnect (SQAI) is considering an initial public offering in the first quarter of 2027, with plans to raise about 300 million ringgit (around $73 million), according to multiple outlets citing people familiar with the matter and company filings.
The proposals discussed by outlets also point to a potential valuation of up to 1.5 billion ringgit, depending on how the deal is structured and priced. A draft prospectus cited by one outlet says the company would use IPO proceeds for purposes including facility expansion, research and development, and other corporate needs.
While the coverage aligns on timing and the approximate fundraising amount, details such as the exact valuation and how the offering proceeds are allocated can vary based on later filings and final pricing. The reports also describe the company as Penang-based, focusing on how the IPO could support growth ahead of listing.
