HONG KONG - Mint Incorporation Limited (NASDAQ:MIMI), a provider of interior design and fit-out services, announced the pricing of its initial public offering (IPO) at $4.00 per Class A ordinary share. The shares are scheduled to begin trading on the Nasdaq Capital Market on January 10, 2025, under the ticker symbol MIMI. Investors looking to track this IPO and analyze its performance can access comprehensive IPO monitoring tools through InvestingPro, which provides real-time data and analysis for new market listings.
The offering consists of 1,750,000 Class A ordinary shares, with the company expecting to close the offering on January 13, 2025, assuming all customary closing conditions are met. The company anticipates aggregate gross proceeds from the offering to be approximately $7 million, before underwriting discounts and other related expenses.
Mint Inc has also granted the underwriters a 45-day option to purchase up to an additional 262,500 Class A ordinary shares at the offering price, which if not exercised, would result in net proceeds of around $4.80 million after underwriting discounts, commissions, and estimated offering expenses.
The company intends to utilize the net proceeds to expand its business operations and geographic reach, including entering the United States and the United Kingdom (TADAWUL:4280) markets. The funds will also support potential strategic investments and acquisitions, upgrading IT services, and general corporate purposes.
Benjamin Securities, Inc. serves as the representative of the underwriters for the IPO, with Prime Number Capital, LLC acting as the co-underwriter. Legal counsel for the offering is provided by Ortoli Rosenstadt LLP for the company and Jun He Law Offices LLC for the underwriters.
This IPO is being conducted on a firm commitment basis, as per the company’s registration statement on Form F-1, declared effective by the U.S. Securities and Exchange Commission on December 20, 2024.
The press release emphasizes that this announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. The offering is made solely by means of a prospectus, which can be obtained from the underwriters listed in the press release.
Forward-looking statements in the announcement indicate the company’s expectations regarding the trading of its shares and the closing of the offering but also acknowledge the risks and uncertainties inherent in such statements.
The information in this article is based on a press release statement from Mint Incorporation Limited.
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