ACCO GROUP HOLDINGS LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING
Globenewswire·2025-10-20 20:05

Core Points - ACCO GROUP HOLDINGS LIMITED has successfully closed its initial public offering of 1,400,000 ordinary shares at a price of $4.00 per share, with gross proceeds of approximately US$5.6 million [1][2] - The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol "ACCL" on October 17, 2025 [1] - The company has granted underwriters a 45-day option to purchase an additional 210,000 ordinary shares, representing 15% of the shares sold in the offering [1] Use of Proceeds - The net proceeds from the offering will be used for expanding the corporate service business, incorporating generative artificial intelligence features, establishing a presence in the U.S. market, enhancing the company's global brand, and for general working capital purposes [2] Offering Details - The offering was conducted on a firm commitment basis, with Craft Capital Management LLC as the representative of the underwriters and Revere Securities LLC as an underwriter [3] - The offering was conducted under the Company's Registration Statement on Form F-1, which was declared effective by the U.S. Securities and Exchange Commission on September 30, 2025 [4]