In a significant move for the Maltese ICT industry, Computime Holdings plc has launched an Initial Public Offering (IPO), with selling shareholders offering 22,987,600 ordinary shares at a price of €0.45 per share. The offering, which commenced today, 4th November 2024, is set to close on 29th November unless fully subscribed earlier.

Computime Holdings plc, a Malta-based holding company, has interests across a suite of business-to-business ICT solutions in sectors including software, fintech, and systems integration. With a primary focus on Malta, the group also operates in Europe and North Africa. Its three main divisions – Business Software, Fintech, and Systems Integration – deliver a range of technology services from enterprise software solutions to bespoke fintech offerings and systems integration for corporate clients.

This IPO, approved by the Malta Financial Services Authority (MFSA), represents a strategic step as Computime seeks to list on the Malta Stock Exchange (MSE). While the IPO allows selling shareholders to partially exit their investments, Computime’s management intends to continue its growth trajectory, with a focus on building sustainable, recurring revenue streams. Key executives, including Andrew Borg, who serves as both CEO and board director, retain significant shareholdings in the company.

The IPO structure includes preferential pricing, with shares priced at €0.4365 per share for institutional investors and €0.36 per share for preferred applicants, such as employees and existing shareholders. Interested applicants are required to subscribe to a minimum of 3,000 shares. Upon conclusion of the offer, Computime anticipates that trading on the MSE’s Official List will commence on 16th December 2024.

Proceeds from the IPO, expected to reach €10 million, will benefit the selling shareholders directly. Computime’s board has committed to a dividend policy, aiming to distribute approximately 70 per cent of its 2025 distributable reserves to shareholders, in line with its focus on generating shareholder value.

This development reflects Computime’s strategy to strengthen its presence in Malta and beyond, with its Fintech Division offering in-house developed regulatory ICT solutions for banking and anti-money laundering compliance. Meanwhile, Computime’s partnerships in the Business Software and Systems Integration divisions position the Group to serve clients across regulated sectors, including financial services and iGaming.