Powell Max Limited Successfully Completes Public Offering
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Powell Max Limited Successfully Completes Public Offering
Powell Max Limited (Nasdaq: PMAX), a notable player in financial communications services, recently celebrated the closing of its initial public offering. This marks a significant milestone for the company, which is headquartered in Hong Kong, as it builds upon its strong foundation.
Details of the Offering
During this offering, Powell Max Limited offered an impressive 1,426,750 Class A Ordinary Shares at a price of $4 per Share. The total gross proceeds from this initiative reached $5,707,000 before any deductions were made for underwriting costs and other expenses. The shares of Powell Max are now officially listed on the Nasdaq Capital Market under the stock symbol “PMAX.”
Underwriter and Additional Options
The underwriter for this offering, WallachBeth Capital LLC, played a crucial role in facilitating the process. They have also been granted an option to purchase an additional 214,012 Shares within a 45-day timeframe, further indicating investor confidence in Powell Max.
Legal and Regulatory Considerations
To ensure compliance with regulatory standards, a registration statement associated with these shares was filed and subsequently approved by the relevant authorities. This careful adherence to regulatory requirements highlights Powell Max's commitment to transparency and corporate governance.
About Powell Max Limited
Powell Max Limited stands as a leader in providing financial communications services tailored to meet the needs of corporate clients and their advisors in Hong Kong. Their service portfolio includes comprehensive financial printing, corporate reporting, and various communication needs designed to support capital market compliance.
The Company’s Service Spectrum
The suite of services offered by Powell Max encompasses a full range of offerings from typesetting and proofreading to translation and design. They are dedicated to ensuring that their clients, which include both domestic and international firms listed in Hong Kong, receive optimal support in their communications and reporting efforts.
Conclusion
This successful public offering serves as a testament to Powell Max Limited's strategic innovations in financial communications. As the company continues to expand its services and reach, investor confidence remains strong, positioning Powell Max for future growth in the financial sector.
Frequently Asked Questions
What was the public offering price of Powell Max Limited shares?
The public offering price was set at $4 per share.
How many shares were offered by Powell Max Limited?
A total of 1,426,750 Class A Ordinary Shares were offered in the initial public offering.
What is the stock symbol for Powell Max Limited?
The shares are listed on the Nasdaq Capital Market under the symbol “PMAX.”
Which company acted as the underwriter for this offering?
WallachBeth Capital LLC served as the lead underwriter for the offering.
What types of services does Powell Max Limited provide?
Powell Max Limited offers a range of financial communications services, including financial printing, corporate reporting, and language support.
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