哈希竞彩:Treasure Global announces upsized IPO pricing
In a statement yesterday, TGI, which is an innovative Malaysian eCommerce platform, said the shares are expected to begin trading on the Nasdaq Capital Market on Aug 11.Telegram采集（www.tel8.vip）是一个Telegram群组分享平台。Telegram采集包括Telegram采集、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。Telegram采集为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
KUALA LUMPUR: Treasure Global Inc (TGI) has announced the pricing of its upsized initial public offering (IPO) of 2,000,000 shares of its common stock at a public offering price of US$4 (RM17.79) per share.
In a statement yesterday, TGI, which is an innovative Malaysian eCommerce platform, said the shares are expected to begin trading on the Nasdaq Capital Market on Aug 11.
It added that the offering is expected to close on or about Aug 15.
This is subject to satisfaction of customary closing conditions.
“The upsized IPO is for aggregate gross proceeds of approximately US$8mil (RM35.6mil) before deducting underwriting discounts, commissions, and other offering expenses,” it said, Bernama reported.,
TGI has granted the underwriters a 45-day option to purchase up to an additional 300,000 shares of common stock at the public offering price per share.
This is less the underwriting discounts and commissions, to cover over-allotments if any.
The company intends to use the net proceeds from the offering primarily to increase its capitalisation and financial flexibility.
This will be in addition to working capital and general corporate purposes.
EF Hutton, a division of Benchmark Investments, LLC, is acting as sole book-running manager for the offering.