Core Viewpoint - GDS Holdings Limited has received approval from the China Securities Regulatory Commission and Shanghai Stock Exchange to launch an initial public offering for its China REIT, which will involve the sale of stabilized data center assets [1][2]. Group 1: IPO Details - The transaction includes the sale of 100% equity interest in a project company that holds stabilized data center assets to a newly formed C-REIT [2]. - GDS will subscribe for 20% of the units issued by the C-REIT, while 80% will be subscribed by institutional and retail investors [2]. - 50% of the units have been pre-placed with cornerstone institutional investors, who have lock-up commitments ranging from one to three years [2]. Group 2: Valuation and Offering Process - The appraised valuation of the underlying data center assets for the C-REIT is approximately RMB 1,933 million [3]. - The final offering price for the C-REIT units will be determined after the institutional bookbuilding process, expected to conclude in about one week [3]. - The transaction is anticipated to close within the next few weeks, subject to certain closing conditions [3]. Group 3: Company Overview - GDS Holdings Limited is a leading developer and operator of high-performance data centers in China, strategically located in primary economic hubs [4]. - The company offers co-location and a suite of value-added services, including managed hybrid cloud services and managed network services [4]. - GDS has a 24-year track record of service delivery, catering to a diverse customer base that includes hyperscale cloud service providers, large internet companies, and financial institutions [4].

NEW YORK, June 25, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced that its wholly-owned HPC subsidiary, WhiteFiber Inc. ("WhiteFiber"), has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of WhiteFiber's ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been deter ...

Core Viewpoint - Kandal M Venture Limited has successfully priced its initial public offering (IPO) of 2,000,000 Class A ordinary shares at $4.00 per share, with trading expected to commence on June 25, 2025, under the symbol "FMFC" [1]. Group 1: Offering Details - The IPO is set to close on June 26, 2025, pending customary closing conditions [1]. - The company has granted underwriters a 45-day option to purchase an additional 300,000 Class A ordinary shares at the offering price [2]. - The offering is being conducted on a firm commitment basis, with Dominari Securities LLC as the representative underwriter and Revere Securities LLC as the co-underwriter [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for expanding the customer base into key markets, particularly in Europe [1]. - The funds will also enhance production capacity and establish a new design and development center to improve product development capabilities [1]. - Additional working capital and general corporate purposes will also be funded through the proceeds [1]. Group 3: Company Overview - Kandal M Venture Limited is a contract manufacturer specializing in affordable luxury leather goods, with manufacturing operations based in Cambodia [6]. - The company primarily produces a variety of handbags and smaller leather goods, including wallets [6].

Core Viewpoint - Happy City Holdings Limited is set to launch its initial public offering (IPO) with the pricing of 1,100,000 Class A ordinary shares at $5.00 per share, aiming to raise approximately $5.5 million before expenses [1][3]. Group 1: Offering Details - The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market under the symbol "HCHL" on June 24, 2025, with the offering closing on June 25, 2025, pending customary conditions [2]. - The company has granted underwriters a 45-day option to purchase an additional 165,000 Class A Ordinary Shares, which could increase gross proceeds to approximately $6.325 million if exercised [3]. - The offering is being conducted on a firm commitment basis, with Dominari Securities LLC as the lead underwriter [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for business expansion in Hong Kong and Southeast Asia, as well as for working capital and general corporate purposes [4]. Group 3: Company Overview - Happy City Holdings Limited operates three all-you-can-eat hotpot restaurants in Hong Kong, offering a unique dining experience with mixed style, Shabu Shabu-style, and Thai-style specialty hotpot [8].

NEW YORK, June 20, 2025 (GLOBE NEWSWIRE) -- Enigmatig Limited (NYSE American: EGG) ("Enigmatig" or the "Company"), an international consultancy firm providing one-stop cross-border licensing solutions and related services, today announced that it has completed its previously announced initial public offering (the "IPO") and the sole bookrunner, on behalf of the underwriters, has exercised the over-allotment opinion in part to purchase an additional 160,000 shares of common stock from the Company at the IPO ...

Core Viewpoint - Vantage Corp successfully completed its initial public offering (IPO), raising a total of $14,950,000 after the underwriter exercised the over-allotment option for additional shares at $4.00 each [1][2]. Company Overview - Vantage Corp, founded in 2012, specializes in shipbroking services, providing brokerage, consultancy, and operational support in the tanker market, including clean and dirty petroleum products, biofuels, and vegetable oils [7]. - The company operates in key locations such as Singapore and Dubai, acting as an intermediary between oil companies, traders, shipowners, and commercial managers [7]. IPO Details - The IPO involved the sale of 3,737,500 Class A Ordinary Shares, with the offering price set at $4.00 per share [2]. - The offering was conducted under a registration statement filed with the U.S. Securities and Exchange Commission (SEC), which became effective on June 11, 2025 [4]. - Network 1 Financial Securities, Inc. served as the sole managing underwriter for the offering [3].

Company Overview - BEST SPAC I Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses [5] Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 5,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right [1] - Each right entitles the holder to receive one-tenth (1/10) of one Class A ordinary share upon consummation of the company's initial business combination [1] - The units are expected to trade on the Nasdaq Capital Market under the ticker symbol "BSAAU" beginning on June 13, 2025 [1] - The offering is expected to close on June 16, 2025, subject to customary closing conditions [2] Underwriting and Additional Options - Maxim Group LLC is acting as the sole book-running manager for the offering [2] - The company has granted the underwriter a 45-day option to purchase up to 825,000 additional units at the initial public offering price less the underwriting discount to cover over-allotments [2] Regulatory Information - A registration statement on Form S-1 relating to the securities to be sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission on June 12, 2025 [3]

Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that specializes in selling quality apparel products and providing supply chain management solutions to customers across Western Europe, North America, and the Middle East [6]. Initial Public Offering (IPO) Details - The company announced the closing of its initial public offering, selling a total of 2,500,000 ordinary shares at a public offering price of $4.00 per share, resulting in total gross proceeds of $10.0 million before deductions [1]. - The shares began trading on the Nasdaq Capital Market under the ticker symbol "JEM" on June 9, 2025, with net proceeds to the company amounting to approximately $5.2 million after deducting underwriting discounts and offering expenses [2]. Use of Proceeds - The company plans to utilize the proceeds from the offering for several purposes, including: - Potential acquisitions of brands and/or licensing of new brands for distribution and sale - Branding and marketing initiatives - Hiring additional staff and expanding the sales and marketing team - Revamping the company website and developing a new mobile app - Digitalization of systems through investments in software such as enterprise resource planning and human resource management - Repayment of interest-free loans - General working capital and corporate purposes [2]. Underwriting and Legal Counsel - Bancroft Capital, LLC acted as the sole underwriter for the offering, while Troy Gould PC and Sichenzia Ross Ference Carmel LLP served as U.S. legal counsel for the company and the underwriter, respectively [3]. Regulatory Compliance - The offering was conducted under the company's registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission and declared effective on June 9, 2025 [4].

Company Overview - 707 Cayman Holdings Limited is a Hong Kong-based company that specializes in selling quality apparel products and providing comprehensive supply chain management solutions to customers across Western Europe, North America, and the Middle East [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 2,500,000 ordinary shares at a public offering price of $4.00 per share, aiming for total gross proceeds of $10.0 million before deducting underwriting discounts and offering expenses [1]. - The offering consists of 1,750,000 shares from the company and 750,000 shares from a selling shareholder, with the company not receiving any proceeds from the shares sold by the selling shareholder [1]. Trading and Underwriting Information - The shares are scheduled to begin trading on the Nasdaq Capital Market under the ticker symbol "JEM" on June 9, 2025, with the offering expected to close on or about June 10, 2025, subject to customary closing conditions [2]. - Bancroft Capital, LLC is acting as the sole underwriter for the offering, while Troy Gould PC and Sichenzia Ross Ference Carmel LLP are serving as U.S. legal counsel for the company and the underwriter, respectively [2]. Regulatory Compliance - The offering is being conducted under the company's registration statement on Form F-1, which was filed with the U.S. Securities and Exchange Commission and declared effective on June 9, 2025 [3]. - The securities are being offered only by means of a prospectus, with electronic copies available on the SEC's website [3].

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