VCI Global (NASDAQ: VCIG) files $300M mixed securities shelf to create flexibility when building its robust portfolio of AI and new technology companies
IPO Advisory — the backbone that can unlock VCIG’s 2025 upside
If Technology is VCIG’s future profit engine, the IPO advisory / Capital Markets arm remains the company’s steady cash engine today. In FY2024 the business-strategy/consultancy segment contributed ≈ $14.8 million in revenue (about half of FY2024 top-line), a figure driven by a string of successful Nasdaq listings — notably YY Group Holding (YYGH) and Founder Group Limited (FGL).
Why the near-term outlook is constructive:
- Proven deal execution and immediate fee recognition. VCCG (VCI’s consulting arm) has repeatedly taken clients to Nasdaq — the Sagtec IPO (March 7, 2025) is a recent example and the firm reported roughly US$5.7M in advisory revenue from that transaction — proof that VCCG can both win and monetise listings quickly. 
- A healthy pipeline of mandates. During 2025 VCCG announced new mandates (e.g., Saturn Agtech and ALgoBiZZ) targeting Nasdaq listings in 2026, demonstrating continued origination of mid-market cross-border deals that typically convert into large, lumpy advisory fees when closed. 
- Planned VCCG spin-off as a catalyst. Management announced plans to IPO / carve-out VCCG (initially targeted for 2025), arguing the spin-off will increase visibility and unlock shareholder value by separating the advisory franchise’s earnings profile. The carve-out was disclosed in SEC filings and company guidance earlier in 2025. 
Advisory revenue is lumpy and highly sensitive to market sentiment for small/medium IPOs; any pullback in U.S. or ASEAN IPO markets would compress deal flow and push fees into later periods. While advisory fees are high-margin when deals close, the business scales in fits and starts — sustained revenue growth depends on continuously winning mandates of similar size and completion rates matching expectations.
VCIG’s IPO advisory arm combines demonstrated deal execution (recent realised fees), a visible pipeline of cross-border mandates, and a strategic plan to spin off VCCG as a distinct, investible advisory franchise. That mix makes the advisory segment the single-most important near-term revenue driver for 2025 — and the most immediate source of cash and profits — but its ultimate contribution to FY2025 results hinges on spin-off timing, deal closings (e.g., those currently targeted for 2026), and broader IPO market conditions.