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ACCO GROUP HOLDINGS LIMITED ANNOUNCES PARTIAL EXERCISE OF UNDERWRITERS’ OVER-ALLOTMENT OPTION
Globenewswire· 2025-11-19 21:15
Core Points - ACCO Group Holdings Limited announced the partial exercise of the over-allotment option by underwriters, resulting in the sale of an additional 49,900 ordinary shares at US$4.00 per share, increasing total shares sold to 1,449,900 and gross proceeds to approximately US$5.80 million [1] - The ordinary shares began trading on the Nasdaq Capital Market on October 17, 2025, under the symbol "ACCL" [2] - The net proceeds from the offering will be used for expanding corporate services, incorporating generative AI features, establishing a presence in the U.S. market, enhancing the company's global brand, and general working capital [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 SEC on September 30, 2025 [4] Company Overview - ACCO Group Holdings Limited is a multi-disciplinary corporate service provider based in Hong Kong, specializing in corporate secretarial and accounting services in Hong Kong and intellectual property registration services in Singapore [6] - The company serves a diverse clientele, including individual clients, small and medium-sized enterprises, and multinational corporations, offering tailored, technology-enhanced solutions [6]
ACCO GROUP HOLDINGS LIMITED ANNOUNCES PARTIAL EXERCISE OF UNDERWRITERS' OVER-ALLOTMENT OPTION
Globenewswire· 2025-11-19 21:15
Core Viewpoint - ACCO GROUP HOLDINGS LIMITED announced the partial exercise of the over-allotment option in its initial public offering, increasing the total number of shares sold and gross proceeds [1][2] Group 1: Offering Details - The underwriters exercised the over-allotment option to purchase an additional 49,900 ordinary shares at US$4.00 per share, raising total gross proceeds to approximately US$5.80 million [1] - The total number of ordinary shares sold in the offering increased to 1,449,900 [1] - The offering was conducted on a firm commitment basis with Craft Capital Management LLC as the representative of the underwriters [3] Group 2: 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, and general working capital [2] Group 3: Company Overview - ACCO GROUP HOLDINGS LIMITED is a multi-disciplinary corporate service provider based in Hong Kong, specializing in corporate secretarial and accounting services, as well as intellectual property registration services in Singapore [6] - The company serves a diverse clientele, including individual clients, small and medium-sized enterprises, and multinational corporations [6]
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]
ACCO GROUP HOLDINGS LIMITED ANNOUNCES PRICING OF INITIAL PUBLIC OFFERING
Globenewswire· 2025-10-17 14:50
Core Viewpoint - ACCO GROUP HOLDINGS LIMITED has announced the pricing of its initial public offering (IPO) of 1,400,000 ordinary shares at $4.00 per share, with trading expected to commence on the Nasdaq Capital Market on October 17, 2025 [1][2] Offering Details - The company expects to receive gross proceeds of approximately US$5.6 million from the offering before deducting underwriting discounts and other expenses [2] - An over-allotment option has been granted to underwriters to purchase an additional 210,000 ordinary shares, representing 15% of the shares sold in the offering [2][4] 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 [3] Company Background - ACCO GROUP HOLDINGS LIMITED is a multi-disciplinary corporate service provider based in Hong Kong, specializing in corporate secretarial and accounting services in Hong Kong, as well as intellectual property registration services in Singapore [7] - The company serves a diverse clientele, including individual clients, small and medium-sized enterprises, and multinational corporations, reflecting its capability to provide tailored, technology-enhanced solutions [7]