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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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