1. NusaTrip's IPO raised $17.25 million, boosting SOPA's asset value. 2. TMG plans an IPO and is focusing on market expansion. 3. SOPA is entering the AI sector through upcoming acquisitions. 4. Greenridge projects significant revenue growth for SOPA in 2026. 5. SOPA's current stock price undervalues its assets and future potential.
FAQ
Why Bullish?
SOPA's value is tied to its subsidiaries' performances, especially NusaTrip's growth and IPO. Historical data shows stock prices often rise with positive IPO announcements, suggesting upward pressure on SOPA's stock amid these developments.
How important is it?
The article discusses SOPA's strategic direction and the substantial potential of subsidiaries, indicating significant investor interest and influencing stock price positively.
Why Long Term?
The strategic initiatives and acquisitions reflect long-term growth plans that will stabilize and likely enhance future cash flows. Growth in both travel and AI sectors are likely to take time to materialize but can create sustained value.
Positive Developments for Society Pass Inc. (Nasdaq: SOPA) Highlighted in Recent Equity Research Report
NEW YORK, Dec. 23, 2025 (GLOBE NEWSWIRE) — Society Pass Incorporated (Nasdaq: SOPA), a rapidly evolving e-commerce ecosystem in Southeast Asia (SEA), has illustrated its growth potential through a recent equity research report from Greenridge Global LLC. This report, published on December 22, 2025, outlines significant advancements and future prospects for the company.
Growth of NusaTrip and its Impact on SOPA
According to the report, NusaTrip Inc. (Nasdaq: NUTR) completed an Initial Public Offering (IPO) on August 18, 2025, generating $17.25 million. Over the last two years, NusaTrip transitioned from a business-to-consumer (B2C) model to a business-to-business (B2B) focus, establishing partnerships with travel giants like Agoda, and enhancing its airline relations throughout SEA. This pivot has resulted in over $100 million in Gross Merchandise Value (GMV) quarterly, primarily through flights.
- $126 million valuation for SOPA based on NUTR’s share price of $9.00.
- NusaTrip is set to expand into hotels and higher-margin services, indicating accelerating growth.
Upcoming IPO for Thoughtful Media Group and Valuation Insights
Thoughtful Media Group Inc. (Nasdaq: TMGX) is on track for an IPO, albeit facing delays associated with Nasdaq's operational issues. The company is shifting its focus towards a more profitable premium business sector. Greenridge reports that TMGX could achieve a pre-money valuation of $71.2 million at a potential IPO price of $4.00.
SOPA has escrowed 3 million shares of TMG, with Greenridge estimating that SOPA’s 13 million shares in TMG could be valued at $52 million.
Society Pass's Strategic Shift into the AI Market
In an exciting move, Society Pass announced its strategy to acquire AI software and infrastructure companies in SEA, Europe, and North America. Although specific acquisition details remain undisclosed, management anticipates closing deals in the upcoming months.
Financial Projections and Operational Efficiency
Greenridge's revised model predicts that Society Pass will achieve $7.4 million in revenue for 2025, with an anticipated loss of $0.15 per share. For 2026, projections suggest revenues could rise to $18.2 million with earnings of $0.16 per share, primarily driven by NusaTrip’s ongoing expansion.
Management has focused on operational efficiency by integrating AI and upgrading software, ensuring cost control while maintaining a growth trajectory.
Maintaining an Optimistic Outlook and Rating
Greenridge retains a "Buy" rating on SOPA, highlighting a robust cash position following their IPOs and a promising future for NusaTrip. The target price for SOPA has been adjusted from $45.00 to $25.00, reflecting current valuations and the market potential of NUTR and TMG’s upcoming IPOs.
About Society Pass Inc.
Founded in 2018, Society Pass Incorporated (Nasdaq: SOPA) operates as an acquisition-focused holding company within the fast-growing SEA markets—Vietnam, Indonesia, Philippines, Singapore, and Thailand. The company is dedicated to transforming the e-commerce landscape through innovative technologies and personalized customer experiences.