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Eastern International Ltd. (ELOG) priced its initial public offering of 1,600,000 ordinary shares at $4.00 per share, the company announced. The logistics services provider expects to raise approximately $6.4 million in gross proceeds before underwriting fees and expenses.
The company granted underwriter Maxim Group LLC a 45-day option to purchase up to an additional 240,000 shares at the offering price. Shares are expected to begin trading on the Nasdaq Capital Market under ticker symbol "ELOG" on August 28, 2025, with the offering scheduled to close August 29, 2025.
Eastern International operates through its wholly owned subsidiary Suzhou TC-Link Logistics Co., Ltd., providing domestic and cross-border logistics services including project logistics and general logistics. The subsidiary was established in 2006 in Jiangsu Province, China.
The company’s operating network spans mainland China, Hong Kong, Southeast Asia and Central Asia through 4 wholly owned subsidiaries, 5 warehouses and logistics centers, and 3 branch offices. Suzhou TC-Link holds an ISO9001 certificate for quality service standards.
Maxim Group LLC served as sole book-running manager for the offering. FisherBroyles, LLP acted as counsel to Eastern International, while Hunter Taubman Fischer & Li LLC represented the underwriter.
The Securities and Exchange Commission declared the company’s Registration Statement on Form F-1 effective on August 27, 2025. Eastern International is incorporated in the Cayman Islands as a holding company.