Vendeka, a rising force in accounting, announces its Initial Public Offering (IPO) on The Exchange on March 11, 2025, following another IPO earlier the same day. The company is offering 20,000 Equity Class B shares at $20 per share. Stock went public on MAR 16.
Financial Strength & Growth
Founded in 2024, Vendeka reports a net profit of $47,700 as of March 2, 2025, with $62,700 in total assets and no liabilities. Early investments of $400,000 have fueled its growth. Key financial highlights:
- Surplus and Reserves: $67,377
- Direct Income: $55,377 (service fees)
- Indirect Income: $12,000 (grants, interest)
Leadership & Vision
Led by CEO AbsInf and CFO MgChamp2339, Vendeka aims to expand operations and enhance service offerings with the capital raised.
Offering Details
| Detail | Value |
|---|---|
| Offering Structure | 20,000 Equity Class B shares |
| Investor Confidence | Cobblestone Bank leads |
| Capital Raised (early) | $400,000 |
Major Investors: Cobblestone Bank (10,000 shares), pepecuu (6,000 shares), AbsInf (2,000 shares), MgChamp2339 (1,920 shares).