Core Viewpoint - Zenta Group Company Limited has announced its initial public offering (IPO) of 1,500,000 ordinary shares at a price of $4.00 per share, aiming for total gross proceeds of $6,000,000, with trading expected to commence on September 9, 2025 under the ticker symbol "ZGM" [1][2]. Group 1: Offering Details - The IPO is priced at $4.00 per share, with total gross proceeds anticipated to be $6,000,000 before expenses [1]. - The company has granted underwriters a 45-day option to purchase an additional 225,000 shares to cover over-allotments [1]. - The offering is being conducted on a firm commitment basis and is expected to close around September 10, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - Proceeds from the offering will be utilized for business growth in Macau, Hong Kong, and Southeast Asia, development of the fintech business, brand development, team expansion, and general corporate purposes [2]. Group 3: Company Background - Zenta Group Company Limited, founded in 2019, is a diversified consulting and fintech solutions provider based in Macau, focusing on industrial park consultation, business investment consultation, and fintech products and services [6]. - The company primarily serves clients from China's Greater Bay Area, assisting them in navigating commercial project approvals and accessing fintech solutions [6].
Zenta Group Company Limited Announces Pricing of Initial Public Offering