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Skyline Builders Group Holding (NASDAQ: SKBL), a Hong Kong-based civil engineering services provider, has successfully completed its initial public offering, raising $6 million in gross proceeds. The company sold 1,500,000 Class A ordinary shares at $4.00 per share.
Trading commenced on the Nasdaq Capital Market on January 23, 2025, under the ticker symbol 'SKBL'. The underwriters have a 45-day option to purchase up to 225,000 additional shares. The offering proceeds will be used to hire additional staff, strengthen market position, acquire machinery, enhance brand presence, and fund working capital.
Dominari Securities served as the lead underwriter, with Revere Securities as co-underwriter. The offering was conducted on a firm commitment basis and closed on January 24, 2025.
Skyline Builders Group Holding (NASDAQ: SKBL), a Hong Kong-based civil engineering services provider, has announced the pricing of its initial public offering of 1,500,000 Class A ordinary shares at $4.00 per share. The company expects to raise approximately $6 million in gross proceeds before deducting underwriting discounts and expenses.
Trading is set to commence on January 23, 2025, on the Nasdaq Capital Market under the ticker symbol 'SKBL'. The proceeds will be used to hire additional staff, strengthen market position, acquire machinery, enhance brand awareness, and fund working capital.
The offering is being conducted on a firm commitment basis, with Dominari Securities acting as the representative underwriter and Revere Securities as co-underwriter. The registration statement was declared effective by the SEC on December 31, 2024.
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