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EPWK Holdings announced the full exercise of underwriters' over-allotment option for its initial public offering, with underwriters purchasing an additional 412,500 Class A ordinary shares at $4.10 per share. The total gross proceeds from the IPO, including the over-allotment, reached $12.97 million before deducting underwriting discounts and expenses.
The company's Class A ordinary shares began trading on the Nasdaq Global Market on February 6, 2025, under the ticker symbol 'EPWK'. The proceeds will fund business development, marketing, R&D, exploration of new products and services, creation of an online global design center, and general corporate purposes.
Cathay Securities acted as the lead underwriter, with Revere Securities as co-underwriter. The offering was conducted through a Registration Statement on Form F-1 declared effective by the SEC on February 3, 2025.
EPWK Holdings has successfully completed its initial public offering (IPO) on the Nasdaq Global Market, raising $11.275 million in gross proceeds. The company offered 2,750,000 Class A ordinary shares at $4.10 per share, with trading commencing under the ticker symbol 'EPWK' on February 6, 2025.
The company, which specializes in connecting businesses with talent through cloud-sourcing platforms, has granted underwriters a 30-day option to purchase up to 412,500 additional Class A ordinary shares. The IPO proceeds will fund business development, marketing, R&D, new product exploration, an online global design center creation, and general corporate purposes.
Cathay Securities served as the lead underwriter, with Revere Securities as co-underwriter for this firm commitment offering.
EPWK HOLDINGS has announced the pricing of its initial public offering (IPO) on the Nasdaq Global Market. The company is offering 2,750,000 Class A ordinary shares at $4.10 per share, with trading beginning on February 6, 2025, under the ticker symbol 'EPWK'.
The IPO is expected to generate gross proceeds of $11.275 million before deducting underwriting discounts and expenses. The company has also granted underwriters a 30-day option to purchase up to 412,500 additional shares.
The proceeds will fund business development, marketing, R&D, exploration of new products and services, creation of an online global design center, and general corporate purposes. Cathay Securities served as the lead underwriter, with Revere Securities as co-underwriter.
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