SCX.ai debuts on ASX with $40M IPO

• SCX.ai Holdings (ASX:SCX) raised $40 million through an initial public offering at $0.30 per share and commenced trading on the ASX.
• The company's market debut follows strong growth in active paying customers and rising contracted annual recurring revenue.
• Management aims to expand sovereign AI inference capacity and scale international token distribution through new partnerships.

SCX.ai Holdings (ASX:SCX) completed an initial public offering to raise $40 million at an offer price of $0.30 per share.

The company commenced trading on the Australian Securities Exchange after finalising its replacement prospectus dated July 20.

Prior to the public listing, active paying customers grew 277% to 49 by the end of July 2026.

Contracted annual recurring revenue reached $6.5 million as of July 31.

Following the announcement, the SCX.ai share price was unchanged at $0.25.

The business continues to expand its infrastructure with Node 1 operational at Equinix SY5 in Sydney and Node 2 targeted to be operational by the end of 2026.

Token utilisation has more than doubled each month between April and July alongside a new partnership with LLMGateway to sell capacity internationally.