Empro Group Inc. Soars with Nasdaq Listing as Beauty Leader

Empro Group Inc. Achieves Historic Nasdaq Listing
Empro Group Inc., a dynamic beauty and personal care brand based in Malaysia, is delighted to announce its successful debut on the Nasdaq Capital Market under the ticker symbol "EMPG." This marks a groundbreaking achievement, as the company becomes the first beauty brand from Malaysia to secure a listing in the United States, a significant milestone for the brand and the region.
Initial Public Offering Success
With the recent initial public offering (IPO), which saw the upsizing from $5.0 million to $5.5 million, Empro successfully priced 1,375,000 ordinary shares at $4.00 each. An additional 206,250 shares were sold under the over-allotment option executed by the underwriter, bringing the total proceeds from the IPO to around $6.325 million, exclusive of underwriting fees and additional costs.
Driving Forward with Dedicated Partnerships
R.F. Lafferty & Co., Inc. managed the offering as the sole underwriter, while ARC Group took the helm as the financial advisor. The collaboration of these firms has fortified Empro's trajectory, bolstering its ambition to innovate and diversify within the beauty and personal care sector.
Empro's Vision for Global Growth
According to Mr. Yeoh Chee Wei, Chairman and CEO of Empro, this listing signifies not only corporate success but also represents the resilience and dedication of the team. He expresses gratitude to the stakeholders and partners whose support made this venture possible. Empro is poised for exciting growth opportunities, enhancing its visibility in the global beauty market and extending its offerings, including the launch of its anticipated skincare product, SpaceLift.
About Empro Group Inc.
Headquartered in Malaysia, Empro Group Inc. has evolved from its initial focus on eyebrow embroidery to establish a reputable presence across three key areas: cosmetics, skincare, and healthcare. The brand prides itself on delivering quality self-care solutions while staying true to its roots. As it continues to expand into Southeast Asia and Europe, Empro aims to bring its innovative products to a international customer base.
Frequently Asked Questions
What does the listing on Nasdaq mean for Empro Group Inc.?
The Nasdaq listing enhances Empro's profile, offering greater visibility and access to capital for expansion in the global market.
How much did Empro raise in its IPO?
Empro raised approximately $6.325 million through its recent IPO, exceeding its initial target.
What are the key products offered by Empro Group Inc.?
Empro focuses on cosmetics, skincare, and healthcare, with recent emphasis on innovative products such as SpaceLift.
Who were the key partners for Empro's IPO?
R.F. Lafferty & Co., Inc. served as the underwriter, while ARC Group acted as the financial advisor, providing strategic guidance throughout the process.
What does Empro's growth strategy include moving forward?
Empro intends to leverage its Nasdaq listing to explore new growth avenues, fortifying its brand presence and expanding into new global markets.
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