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2025-10-17 22:52
Hong Kong, Oct. 17, 2025 (GLOBE NEWSWIRE) -- ACCO GROUP HOLDINGS LIMITED ("ACCL" or the "Company"), a corporate services provider headquartered in Hong Kong, today announced the pricing of its initial public offering (the "Offering") of 1,400,000 ordinary shares (the "Ordinary Shares") at the price of $4.00 per Ordinary Shares (the "Offering Price"). The Ordinary Shares are expected to commence trading on the Nasdaq Capital Market on October 17, 2025 under the ticker symbol "ACCL." The Offering is expected to close on October 20, 2025, subject to the satisfaction of customary closing conditions.
The Company expects to receive gross proceeds of approximately US$5.6 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option (the "Over-Allotment Option") to purchase up to an additional 210,000 Ordinary Shares at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering (the "Over-allotment").