Starbox Group Holdings Ltd. (STBX)
Starbox Group Holdings will go public soon. The estimated IPO date is August 23, 2022.
IPO Price Range
$4.00 - $5.00
Shares Offered
5,000,000
Deal Size
$22.50M
Overview
Financials
Statistics
Dividends
Profile
Company Description
Starbox Group is building a cash rebate, digital advertising, and payment solution business ecosystem targeting micro, small, and medium enterprises that lack the bandwidth to develop an in-house data management system for effective marketing.
Through our subsidiaries in Malaysia, we connect retail merchants with retail shoppers to facilitate transactions through cash rebates offered by retail merchants, provide digital advertising services to advertisers, and provide payment solution services to merchants.
Substantially all of our current operations are located in Malaysia. We have cooperated with retail merchants, which have registered on the GETBATS website and mobile app as “Merchants,” to offer cash rebates on their products or services, which have attracted retail shoppers to register on the GETBATS website and mobile app as “Members” in order to earn cash rebates for shopping online and offline.
As the number of Members grows and sales of the existing Merchants increase, more retail merchants are willing to cooperate with us. As of March 31, 2022 the GETBATS website and mobile app had 613,509 Members and 799 Merchants.
During the six months ended March 31, 2022 we facilitated 188,718 transactions through the GETBATS website and mobile app, respectively. We generate revenue by keeping an agreed-upon portion of the cash rebates offered by Merchants through the GETBATS website and mobile app.
