Acco Group Holdings Ltd (ACCL) News & EventsACCLNews & EventsAcco Group Holdings Ltd

Acco Debuts at $4.05 After IPO Set at $4 per Share

Acco, a corporate services provider headquartered in Hong Kong, priced its initial public offering of 1.4M ordinary shares at the price of $4.00 per share. The company intends to use the net proceeds from the offering for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the company's brand globally, and general working capital purposes. Craft Capital and Revere acted as joint book running managers for the offering.

Acco Sets IPO Price at $4.00 for 1.4 Million Shares

The deal priced at the low end of the $4.00$-6.00 range. The company intends to use the net proceeds from the offering for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the company's brand globally, and general working capital purposes. Craft Capital and Revere acted as joint book running managers for the offering.