Hong Kong-based uniform supplier Angie Holdings more than doubles deal size ahead of $18 million US IPO
IPO Overview
Angie Holdings, a Kong Kong-based supplier of corporate uniforms, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong, China-based company now plans to raise $18 million by offering 2.7 million shares at a price range of $5.50 to $7.50. The company had previously filed to offer 1.5 million shares at a range of $4 to $6. At the midpoint of the revised range, Angie Holdings will raise 137% more in proceeds than previously anticipated.
The company is a supplier of corporate uniforms and related services such as design, tailoring, and functionality consulting to clients including contractors, utilities, government departments, and service providers. Angie Holdings also provides safety products including safety hamlets, boots and gloves.
Angie Holdings was founded in 2015 and plans to list on the Nasdaq under the symbol AGIE. Cathay Securities is the sole bookrunner on the deal.
About the Company
We are a holding company incorporated in the Cayman Islands with operations conducted in Hong Kong by our Operating Subsidiary, Angie International. We have been engaged as a supplier of corporate uniforms with or without special functionalities and safety products in Hong Kong since 2015. As a supplier of corporate uniforms, we provide our customers not only with finished goods but also ancillary services, including design, tailoring and functionality counseling. Our customers include building and construction contractors, security and building management companies, cleaning companies, governmental departments, public utility companies such as electric power companies and mass transit railways, retail chain shops and airlines. We take pride in the quality of goods and services which we deliver and have developed stable relationship with a majority of our customers over the years.