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Cre8 Enterprise Limited (CRE) completed its initial public offering of 1,450,000 Class A ordinary shares at $4.00 per share, according to a company statement. The Hong Kong-based financial printing service provider received gross proceeds of approximately $5.8 million before underwriting discounts and expenses.
The shares began trading on the Nasdaq Capital Market on July 23 under the ticker symbol "CRE." The company granted underwriters a 45-day option to purchase up to 217,500 additional shares at the offering price, representing 15% of the shares sold in the offering.
Cre8 Enterprise plans to use net proceeds for upgrading its office in Hong Kong’s Central District, expanding its business and workforce, staff training, upgrading equipment and information technology systems, and working capital.
American Trust Investment Services served as representative of the underwriters, with Prime Number Capital as co-underwriter. The Securities and Exchange Commission declared the registration statement effective on July 22.
The company provides financial printing services for listed companies, IPO applicants and private companies in Hong Kong’s finance and capital markets. Services include design, typesetting, proofreading, translation, printing, binding and logistics for financial reports and compliance documents. The company has expanded to offer website design, branding and content creation services, and operates a website under its "Cre8IR" brand for publishing announcements and financial reports.