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OneConstruction Group Limited Ordinary Shares - ONEG STOCK NEWS

Welcome to our dedicated page for OneConstruction Group Ordinary Shares news (Ticker: ONEG), a resource for investors and traders seeking the latest updates and insights on OneConstruction Group Ordinary Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect OneConstruction Group Ordinary Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of OneConstruction Group Ordinary Shares's position in the market.

Rhea-AI Summary

OneConstruction Group , a Hong Kong-based structural steelwork contractor, has successfully completed its initial public offering (IPO) on the Nasdaq Capital Market under the symbol ONEG. The company offered 1,750,000 ordinary shares at $4.00 per share, raising gross proceeds of $7 million.

Trading began on December 31, 2024, with underwriters having a 45-day option to purchase up to 262,500 additional shares. The IPO proceeds will be used to fund up-front costs for future projects, expand management and technical teams, and strengthen working capital. American Trust Investment Services and WestPark Capital served as underwriters, with WestPark Capital acting as book-running manager.

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Rhea-AI Summary

OneConstruction Group , a Hong Kong-based structural steelwork contractor, has announced the pricing of its initial public offering (IPO) of 1,750,000 ordinary shares at US$4.00 per share. The company's shares are set to begin trading on the Nasdaq Capital Market under the ticker symbol ONEG on December 31, 2024. Underwriters have a 45-day option to purchase up to 15% additional shares. The IPO is being conducted on a firm commitment basis, with American Trust Investment Services and WestPark Capital serving as underwriters, and WestPark Capital acting as the book-running manager.

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FAQ

What is the current stock price of OneConstruction Group Ordinary Shares (ONEG)?

The current stock price of OneConstruction Group Ordinary Shares (ONEG) is $3.45 as of January 2, 2025.

What is the market cap of OneConstruction Group Ordinary Shares (ONEG)?

The market cap of OneConstruction Group Ordinary Shares (ONEG) is approximately 44.2M.
OneConstruction Group Limited Ordinary Shares

Nasdaq:ONEG

ONEG Rankings

ONEG Stock Data

44.20M
United States of America