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By The Online Investor Staff, updated Thu., Apr. 18, 1:29 PM
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IPOs| This Slide: #4 of 15 |
Slide #4. Top Wealth Group Holding Limited — Initial Public Offering
Company:
Top Wealth Group Holding Limited
Proposed Symbol:
TWG
Shares Offered:
2,000,000
Price Per Share:
$4.00
Over-Allotment:
300,000
Description:
Top Wealth Group Holding Limited (the "Company" or "Top Wealth"), a Hong Kong-based supplier of luxury caviar products, today announced the pricing of its initial public offering (the "Offering") of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 16, 2024, U.S. Eastern time, under the ticker symbol "TWG." The Company expects to receive aggregate gross proceeds of US$8 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price after the closing of the Offering, less underwriting discounts. The Offering is expected to close on or about April 18, 2024, subject to the satisfaction of customary closing conditions.
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