VCI Global shares jump 23.16% intraday after announcing $168M spin-off of VCCG under dual-track IPO strategy.

VCI Global surged 23.16% intraday after announcing the spin-off of its capital markets advisory subsidiary, VCCG, at a $168 million valuation. The move, part of a dual-track IPO strategy, allows VCI to retain 30% ownership while enabling VCCG to pursue independent listing and capital-raising initiatives. The transaction aligns with the company’s shift toward technology-driven growth in AI, cybersecurity, and digital infrastructure, enhancing balance sheet flexibility without shareholder dilution. The spin-off is the first execution of the dual-track approach, which separates high-growth tech divisions (100% carve-outs) from mature portfolio units (30% retained). Analysts highlighted the significant valuation premium (VCCG’s $168M vs. VCI’s $6.22M market cap) as a catalyst for investor optimism, underscoring undervaluation and strategic repositioning. The announcement reinforced confidence in VCI’s long-term value creation and operational focus.