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TOP WIN INTERNATIONAL (Nasdaq: TOPW), a Hong Kong-based luxury watch wholesaler, has successfully completed its Initial Public Offering (IPO). The company raised $10.6 million in gross proceeds through the offering of 2,664,000 ordinary shares at $4.00 per share.
Trading commenced on the Nasdaq Capital Market on April 2, 2025, under ticker 'TOPW'. The underwriters have a 45-day option to purchase up to 399,600 additional shares at the offering price.
The net proceeds will be allocated to:
- Brand marketing and promotion
- Sales team expansion and regional growth in Southeast Asia
- Sourcing and inventory diversification
- Working capital and general corporate purposes
Dominari Securities served as the lead underwriter, with Revere Securities as co-underwriter for this firm commitment offering.
TOP WIN INTERNATIONAL (Nasdaq: TOPW), a Hong Kong-based luxury watch wholesaler, has announced the pricing of its initial public offering at $4.00 per share. The company is offering 2,664,000 ordinary shares with trading expected to commence on April 2, 2025, on the Nasdaq Capital Market.
The IPO is anticipated to generate gross proceeds of approximately US$10.6 million before deducting underwriting costs and other expenses. TOP WIN has also granted underwriters a 45-day option to purchase up to additional 399,600 shares.
The company plans to utilize the proceeds for:
- Brand marketing and promotion
- Sales team expansion and regional growth in Southeast Asia
- Sourcing and inventory diversification
- Working capital and general corporate purposes
Dominari Securities is serving as the representative underwriter, with Revere Securities as co-underwriter for this firm commitment offering.
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