EPWK Holdings Limited's Initial Offering Sparks Excitement
EPWK Holdings Limited Announces Initial Public Offering Pricing
EPWK HOLDINGS LTD. (the "Company") (NASDAQ: EPWK), a company dedicated to linking businesses with exceptional talent through innovative cloud-sourcing platforms, has proudly announced the pricing details regarding its initial public offering (IPO). The IPO encompasses 2,750,000 Class A ordinary shares priced at $4.10 per share.
Details of the Offering
The Class A ordinary shares commenced trading on the Nasdaq Global Market under the ticker symbol "EPWK". The Company is set to receive $11.275 million in gross proceeds from this offering before accounting for underwriting discounts and related expenses. As part of the offering agreement, underwriters have been granted an option to purchase as many as 412,500 additional Class A ordinary shares within 30 days post-closing.
Use of Proceeds
The capital raised from this IPO will be strategically allocated towards various business endeavors, enhancing marketing efforts, advancing research and development initiatives, exploring new product and service offerings, and establishing a global online design center. Additionally, these funds will support general corporate purposes and bolster working capital.
Underwriters and Legal Counsel
Cathay Securities, Inc. has taken on the role of the lead underwriter, with Revere Securities LLC assisting as the co-underwriter for this offering. The Company also enlisted VCL Law LLP as its legal counsel, while Winston & Strawn LLP represented the underwriters in these proceedings.
Regulatory Filing and Documentation
This IPO was conducted in accordance with the Company’s Registration Statement on Form F-1, which was filed and declared effective by the U.S. Securities and Exchange Commission. Key information regarding this offering, including a final prospectus, will soon be accessible through SEC’s official website.
Company Overview
EPWK HOLDINGS LTD. focuses on connecting enterprises with outstanding professionals through its crowdsourcing platform. This innovative approach allows small and medium-sized companies to find tailored services to suit their unique needs. Founded by Huang Guohua, a seasoned journalist, the Company operates through its subsidiaries and contractual agreements in its home country.
Media Inquiries
For additional information regarding this initial public offering or to inquire further into the Company’s services, interested parties may reach out through the following contact avenues:
Investor Relations
EPWK HOLDINGS LTD.
Phone: +86 0592-5978725
Frequently Asked Questions
What is the purpose of EPWK's IPO?
The IPO aims to raise capital for business development, marketing strategies, and research and development.
When did EPWK's shares start trading?
EPWK's shares commenced trading on Nasdaq under the ticker symbol EPWK on the IPO date.
How much money will EPWK raise from the offering?
EPWK expects to receive approximately $11.275 million in gross proceeds from the initial public offering.
Who are the underwriters for this offering?
Cathay Securities, Inc. serves as the main underwriter, with Revere Securities LLC as the co-underwriter.
What innovative approach does EPWK use to connect businesses?
EPWK utilizes an integrated crowdsourcing platform that allows access to exceptional talents tailored for each client’s specific needs.
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