Core Viewpoint - Empro Group Inc. has successfully listed on the Nasdaq Capital Market, becoming the first beauty brand from Malaysia to do so, marking a significant milestone for the company and the region [1][4]. Group 1: IPO Details - The initial public offering (IPO) was upsized from $5.0 million to $5.5 million, with 1,375,000 ordinary shares priced at $4.00 each, generating gross proceeds of approximately $6.325 million before deductions [2]. - The underwriter, R.F. Lafferty & Co., Inc., exercised its over-allotment option fully, purchasing an additional 206,250 shares at the public offering price [2][3]. Group 2: Company Background and Growth - Empro Group Inc. has evolved from its origins in eyebrow embroidery to a trusted name in cosmetics, skincare, and healthcare, with a growing presence in Southeast Asia and Europe [4][5]. - The company aims to leverage its Nasdaq listing to enhance brand visibility and expand its market presence globally, particularly with its flagship skincare product, SpaceLift [4][5].
Empro Group Inc. Celebrates Nasdaq Listing as the First Malaysian Beauty Brand to Join U.S. Capital Markets