EPWK HOLDINGS LTD. Announces Pricing of Initial Public 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.
EPWK HOLDINGS ha annunciato il prezzo della sua offerta pubblica iniziale (IPO) sul Nasdaq Global Market. L'azienda offre 2.750.000 azioni ordinarie di Classe A a 4,10 $ per azione, con il trading che inizierà il 6 febbraio 2025, sotto il simbolo ticker 'EPWK'.
Ci si aspetta che l'IPO generi proventi lordi di 11,275 milioni di dollari prima delle spese di sottoscrizione e delle spese associate. L'azienda ha inoltre concesso agli underwriter un'opzione di 30 giorni per acquistare fino a 412.500 azioni aggiuntive.
I proventi finanzieranno lo sviluppo aziendale, il marketing, la ricerca e sviluppo, l'esplorazione di nuovi prodotti e servizi, la creazione di un centro di design globale online e scopi aziendali generali. Cathay Securities ha svolto il ruolo di lead underwriter, con Revere Securities come co-sottoscrittore.
EPWK HOLDINGS ha anunciado el precio de su oferta pública inicial (IPO) en el Nasdaq Global Market. La empresa está ofreciendo 2,750,000 acciones ordinarias de Clase A a $4.10 por acción, con el inicio de las operaciones el 6 de febrero de 2025, bajo el símbolo de cotización 'EPWK'.
Se espera que la IPO genere ingresos brutos de $11.275 millones antes de deducir los descuentos de suscripción y gastos. La compañía también ha otorgado a los suscriptores una opción de 30 días para comprar hasta 412,500 acciones adicionales.
Los ingresos se destinarán al desarrollo empresarial, marketing, I+D, exploración de nuevos productos y servicios, creación de un centro de diseño global en línea y otros propósitos corporativos generales. Cathay Securities actuó como el suscriptor principal, con Revere Securities como co-suscriptor.
EPWK HOLDINGS가 나스닥 글로벌 마켓에서의 상장공모(IPO) 가격을 발표했습니다. 회사는 2,750,000주의 A 클래스 보통주를 주당 4.10 달러에 제공하며, 거래는 2025년 2월 6일에 ‘EPWK’라는 종목 기호로 시작됩니다.
이번 IPO는 인수 수수료와 비용을 공제하기 전 1,127만 5천 달러의 총 수익을 발생시킬 것으로 예상됩니다. 회사는 또한 인수인에게 412,500주의 추가 매수 옵션을 30일 동안 부여했습니다.
이 수익은 사업 개발, 마케팅, 연구개발, 새로운 제품 및 서비스 탐색, 온라인 글로벌 디자인 센터 설립 및 일반 기업 목적에 사용될 것입니다. Cathay Securities가 주관 인수인으로, Revere Securities가 공동 인수인으로 활동했습니다.
EPWK HOLDINGS a annoncé le prix de son offre publique initiale (IPO) sur le Nasdaq Global Market. La société propose 2 750 000 actions ordinaires de Classe A à 4,10 $ par action, avec le début des échanges le 6 février 2025, sous le symbole boursier 'EPWK'.
On s'attend à ce que l'IPO génère des produits bruts de 11,275 millions de dollars avant de déduire les remises d'underwriting et les frais. La société a également accordé aux souscripteurs une option de 30 jours pour acheter jusqu'à 412 500 actions supplémentaires.
Les produits serviront à financer le développement commercial, le marketing, la recherche et développement, l'exploration de nouveaux produits et services, la création d'un centre de design global en ligne et d'autres objectifs d'entreprise généraux. Cathay Securities a agi en tant que souscripteur principal, avec Revere Securities en tant que co-souscripteur.
EPWK HOLDINGS hat die Preisgestaltung seiner Erstnotierung (IPO) am Nasdaq Global Market bekannt gegeben. Das Unternehmen bietet 2.750.000 Aktien der Klasse A zu einem Preis von 4,10 $ pro Aktie an, der Handel beginnt am 6. Februar 2025 unter dem Tickersymbol 'EPWK'.
Die IPO wird voraussichtlich brutto Einnahmen von 11,275 Millionen Dollar vor Abzug von Underwriting-Rabatten und -Kosten generieren. Das Unternehmen hat den Underwritern auch eine 30-tägige Option gewährt, bis zu 412.500 zusätzliche Aktien zu kaufen.
Die Einnahmen werden zur Finanzierung der Geschäftsentwicklung, des Marketings, von Forschung und Entwicklung, der Erforschung neuer Produkte und Dienstleistungen, der Schaffung eines globalen Online-Designzentrums und anderer allgemeiner Unternehmenszwecke verwendet. Cathay Securities fungierte als Hauptunterwriter, mit Revere Securities als Co-Underwriter.
- Successfully completed IPO raising $11.275 million in gross proceeds
- Listed on Nasdaq Global Market, providing increased visibility and access to capital markets
- Additional funding potential through 412,500 share underwriter option
- Clear allocation strategy for proceeds focusing on growth initiatives
- Potential dilution for existing shareholders through new share issuance
- Additional dilution possible if underwriters exercise their option for extra shares
Insights
EPWK Holdings' IPO represents a strategic yet cautious entry into the US public markets, with several noteworthy aspects for investors to consider. The
The pricing at
Several key strategic elements emerge from the use of proceeds:
- The focus on R&D and new product development suggests awareness of the need to innovate in the competitive cloud-sourcing space
- The planned global design center indicates international expansion ambitions, potentially reducing dependency on the Chinese market
- The allocation for marketing and business development implies a growth-focused strategy in a market where brand recognition and user acquisition are crucial
The timing of this IPO is significant, coming amid complex US-China relations and increased scrutiny of Chinese companies listing in the US. The company's choice of the Nasdaq Global Market, compliance with SEC requirements and engagement of prominent US legal counsel demonstrate a commitment to transparency and regulatory compliance, important factors for investor confidence.
The Company will receive aggregate gross proceeds of
Proceeds from the Offering will be used for business development and marketing, research and development, exploration of new product and service offerings and the creation of an online global design center, and general corporate purposes and working capital.
Cathay Securities, Inc. acted as the representative of the underwriters, with Revere Securities LLC acting as co-underwriter (collectively, the "Underwriters") for the Offering. VCL Law LLP served as counsel to the Company. Winston & Strawn LLP served as counsel to the Underwriters.
The Offering was conducted pursuant to the Company's Registration Statement on Form F-1, as amended (File No. 333-269657) (the "Registration Statement"), previously filed with and subsequently declared effective by the
This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About EPWK HOLDINGS LTD.
The Company connects businesses with outstanding talent through an innovative and efficient integrated crowdsourcing platform, providing creative transaction services for small and medium-sized enterprises and suppliers. The Company was founded by Huang Guohua, former chief reporter of Fujian Daily Press Group, and conducts its operations through its subsidiaries and contractual arrangements with the variable interest entity in
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.
For more information, please contact:
Investor Relations
EPWK HOLDINGS LTD.
Phone: +86 0592-5978725
Email: chenyanjun@epwk.com
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SOURCE EPWK HOLDINGS LTD.
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