Cre8 Enterprise Limited Announces Closing of Initial Public Offering

Core Points - Cre8 Enterprise Limited has successfully closed its initial public offering (IPO) of 1,450,000 Class A ordinary shares at a price of $4.00 per share, generating gross proceeds of approximately $5.8 million [1][2] - The Class A Ordinary Shares began trading on the Nasdaq Capital Market under the ticker symbol "CRE" on July 23, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 217,500 Class A Ordinary Shares, representing 15% of the shares sold in the offering [1] Use of Proceeds - The net proceeds from the IPO will be utilized for upgrading the company's office in Hong Kong, expanding its workforce, staff training, acquiring equipment and IT systems, and for general corporate purposes [2] Underwriters and Legal Counsel - The offering was conducted on a firm commitment basis with American Trust Investment Services, Inc. as the representative of the underwriters and Prime Number Capital, LLC as the co-underwriter [3] - Ortoli Rosenstadt LLP serves as U.S. securities counsel to the company, while Winston & Strawn LLP acts as legal counsel to the underwriters [3] Company Overview - Cre8 Enterprise Limited provides integrated financial printing services for listed companies, IPO applicants, and private companies in Hong Kong, covering a range of services from design to logistics [6] - The company has expanded its offerings to include complementary design services and technological support through its "Cre8IR" brand [6]