Investing.com -- Sagtec Global, a provider of customizable software solutions for Malaysia’s Food and Beverage industry, made its debut on the Nasdaq Capital Market today. The initial public offering (IPO) for the firm was priced at $4.00 per share, with a total offering of 1.75 million ordinary shares. The stock opened today at $4.00.

Sagtec Global started trading today on the Nasdaq under the ticker "SAGT". The company has also extended a 30-day option to the sole book-running manager, The Benchmark Company, to purchase up to an additional 262,500 ordinary shares. This option is available at the initial public offering price, although it will be less underwriting discounts and commissions.

Sagtec Global anticipates that the gross proceeds from the IPO will amount to approximately $7 million.

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