New Century Logistics Closes $6 Million Initial Public Offering
New Century Logistics (BVI) Limited (NCEW)
Company Research
Source: GlobeNewswire
HONG KONG, Dec. 19, 2024 (GLOBE NEWSWIRE) -- New Century Logistics (BVI) Limited (“New Century” or the “Company”), an international freight forwarding company and logistics service provider, announces the closing of its initial public offering of 1,500,000 ordinary shares at a public offering price of $4.00 per share (the “Offering”) for total gross proceeds of $6,000,000, before deducting underwriting discounts and other related expenses. Trading began on the Nasdaq Capital Market on December 18, 2024 under the symbol “NCEW.” The Company granted the underwriters a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts, to cover over-allotments, if any. The Offering was conducted on a firm commitment basis. The Company intends to use the net proceeds from the offering for business expansion, technology innovation, enhancement of warehousing and distribution capabilities, personnel recruitment, and general
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NCEW
Sec Filings
- 12/19/24 - Form 6-K
- 12/18/24 - Form 424B4
- 12/18/24 - Form 424B4
- NCEW's page on the SEC website