Vertex Material plans US$300–400m Nasdaq listing in 2027
- Vertex Material plans a Nasdaq listing in the second or third quarter of 2027 to raise US$300–400 million.
- It is studying Arizona sites for a US factory aimed at up to 1 million tonnes a year, with production targeted for 2028.
- It signed a 15-year offtake deal worth about US$2.2 billion with Sky-Dweller Construction LLC on 28 October 2026.
- It says it is valued at close to US$7 billion; it is private and has not published accounts.
When does Vertex Material plan to list on Nasdaq?
In the second or third quarter of 2027, aiming to raise US$300 million to US$400 million, chief executive Chris Lai said on 28 October 2026.
Why is Vertex Material listing on Nasdaq instead of Bursa Malaysia?
Its planned factory is in the US and it wants to use US government incentives, according to Lai.
Where is Vertex Material's plant in Malaysia?
It owns and operates a plant in Kampung Baru Subang, Selangor.
Vertex Material, a privately held Malaysian maker of copper-composite materials with a plant in Kampung Baru Subang, Selangor, plans to list on the US Nasdaq in the second or third quarter of 2027 and raise US$300 million to US$400 million (about RM1.2 billion to RM1.6 billion), chief executive Chris Lai said on 28 October 2026. It has appointed advisers and is preparing audits and filings. No prospectus has been published.
The plan
- Why Nasdaq: its planned factory is in the US, and it wants to use US government incentives, Lai said
- The US factory: it is studying sites in Arizona for a plant aimed at up to 1 million tonnes a year, with production targeted for 2028, subject to site, financing and approvals
- The deal: on 28 October it signed a 15-year offtake agreement worth about US$2.2 billion with Sky-Dweller Construction LLC of the US, which will also sell its material in India. In September it said it already had offtake for 160,000 tonnes a year
- Value: Lai said the company is valued at close to US$7 billion, based on work by accounting firms it engaged. These are the company's own figures; it has not published accounts
The product and the Malaysian base
- What it makes: copper-composite materials that keep much of copper's electrical and heat conductivity while using less pure copper, for power, renewable energy, electric vehicles, data centres and electronics
- Malaysia: it owns and runs a plant in Kampung Baru Subang. Lai said the technology was developed in Malaysia and its shareholders remain mainly Malaysian
- Copper: it will buy copper for the US plant from Canada, Chile and Peru, Lai said
- The Edge Malaysia — Malaysia's Vertex Material plans Nasdaq listing by 2Q-3Q next year, to raise US$300m to US$400m (28 Oct 2026)
- The Sun — Vertex Material secures US$2.2 billion offtake deal (28 Oct 2026)
- The Edge Malaysia — Malaysian firm Vertex Material aims for Nasdaq listing in 2027 after claiming unicorn status (17 Sep 2026)
Facts summarised in our own words, with our own analysis added.
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