VCI Global (NASDAQ:VCIG) stock climbed 18% after the Malaysian consulting group raised $5M through a downsized US initial public offering. Shares of VCI opened at $5.16 at approximately 11:20 a.m. ET after being priced at $4 per share. The stock recently changed hands at $4.70 at around 12:00 p.m. ET. VCI offered 1.3M shares at $4 per share. Underwriters received a 45-day option to buy up to 192K additional shares at the IPO price to cover over-allotments. Boustead Securities and Sutter Securities are serving as joint bookrunners. In March, the company said it was looking to offer 1.6M priced between...