Hong Kong-based Neo-Concept International Group Holdings (NCI) has filed an Initial Public Offering (IPO) with the Securities and Exchange Commission. Under the leadership of CEO Eva Yuk Yin Siu and with the involvement of director Man Chi Wait, the firm plans to list 2 million shares at a price range of $4-$5 per share on the Nasdaq Capital Market. The company anticipates raising around $9 million from the offering.
Revere Securities is underwriting the IPO. The capital raised will be utilized for various purposes including the development of new products, customer growth, potential acquisitions or joint ventures, and as working capital.
NCI provides sustainable solutions in the apparel supply chain and also sells private-label apparel products. The company reported a revenue of $44.5 million and a profit of $1.59 million in 2022.
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