Mint Incorporation Limited Announces Pricing of $7 million Initial Public Offering and Listing on Nasdaq Globe Newswire IPOs

Hong Kong, Jan. 08, 2025 (GLOBE NEWSWIRE) — Mint Incorporation Limited (NASDAQ:MIMI) (the “Company”), a Hong Kong-based interior design and fit out works provider, today announced the pricing of its initial public offering (the “Offering”) of 1,750,000 Class A ordinary shares (the “Class A Ordinary Shares”), at a price of $4.00 per Class A Ordinary Share (the “Offering Price”).

The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on January 10, 2025 under the symbol “MIMI.” The Offering is expected to close on January 13, 2025, subject to the satisfaction of customary closing conditions.

The Company expects to receive aggregate gross proceeds of US$7 million from the Offering, before deducting the underwriting discounts and other related expenses. In addition, the Company has granted the Underwriters (as defined below) a 45-day option to purchase up to an additional 262,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment Option”).

Assuming that the Over-allotment Option is not exercised, the Company is expected to receive net proceeds amounting to $4.80 million, after deducting the underwriting discounts and commissions and estimated offering expenses, assuming the underwriters do not exercise their Over-allotment Option. The Company intends to use the net proceeds for increasing operating scale and expanding business and geographic coverage including the United States of America and the United Kingdom, potential strategic investment and acquisitions, upgrading IT services, and working capital and general corporate purposes.

The Offering is conducted on a firm commitment …

Full story available on Benzinga.com

Hong Kong, Jan. 08, 2025 (GLOBE NEWSWIRE) — Mint Incorporation Limited (NASDAQ:MIMI) (the “Company”), a Hong Kong-based interior design and fit out works provider, today announced the pricing of its initial public offering (the “Offering”) of 1,750,000 Class A ordinary shares (the “Class A Ordinary Shares”), at a price of $4.00 per Class A Ordinary Share (the “Offering Price”).

The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on January 10, 2025 under the symbol “MIMI.” The Offering is expected to close on January 13, 2025, subject to the satisfaction of customary closing conditions.

The Company expects to receive aggregate gross proceeds of US$7 million from the Offering, before deducting the underwriting discounts and other related expenses. In addition, the Company has granted the Underwriters (as defined below) a 45-day option to purchase up to an additional 262,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment Option”).

Assuming that the Over-allotment Option is not exercised, the Company is expected to receive net proceeds amounting to $4.80 million, after deducting the underwriting discounts and commissions and estimated offering expenses, assuming the underwriters do not exercise their Over-allotment Option. The Company intends to use the net proceeds for increasing operating scale and expanding business and geographic coverage including the United States of America and the United Kingdom, potential strategic investment and acquisitions, upgrading IT services, and working capital and general corporate purposes.

The Offering is conducted on a firm commitment …

Full story available on Benzinga.com

 Hong Kong, Jan. 08, 2025 (GLOBE NEWSWIRE) — Mint Incorporation Limited (NASDAQ:MIMI) (the “Company”), a Hong Kong-based interior design and fit out works provider, today announced the pricing of its initial public offering (the “Offering”) of 1,750,000 Class A ordinary shares (the “Class A Ordinary Shares”), at a price of $4.00 per Class A Ordinary Share (the “Offering Price”).
The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on January 10, 2025 under the symbol “MIMI.” The Offering is expected to close on January 13, 2025, subject to the satisfaction of customary closing conditions.
The Company expects to receive aggregate gross proceeds of US$7 million from the Offering, before deducting the underwriting discounts and other related expenses. In addition, the Company has granted the Underwriters (as defined below) a 45-day option to purchase up to an additional 262,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the “Over-allotment Option”).
Assuming that the Over-allotment Option is not exercised, the Company is expected to receive net proceeds amounting to $4.80 million, after deducting the underwriting discounts and commissions and estimated offering expenses, assuming the underwriters do not exercise their Over-allotment Option. The Company intends to use the net proceeds for increasing operating scale and expanding business and geographic coverage including the United States of America and the United Kingdom, potential strategic investment and acquisitions, upgrading IT services, and working capital and general corporate purposes.
The Offering is conducted on a firm commitment …Full story available on Benzinga.com   Read MoreMIMI, News, IPOs, Press Releases IPOs