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Hong Kong-based Cre8 Enterprise lowers share offering by 13%, replaces lead bank ahead of $7 million US IPO

February 3, 2025
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Cre8 Enterprise, a Hong Kong provider of printing and other services for financial reporting, lowered the proposed deal size for its upcoming IPO on Monday. In its latest filing, the company also replaced lead bookrunner Benjamin Securities with American Trust Investment Services.

The company now plans to raise $7 million by offering 1.5 million shares at a price range of $4 to $5. It had previously filed to offer 1.8 million shares at the same range. At the midpoint, Cre8 Enterprise will raise 13% less in proceeds than previously anticipated.

Cre8 provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong. Its services include concept creation and artwork design, typesetting, proofreading, printing, and stock exchange submission services.

Cre8 Enterprise was founded in 2006 and booked $14 million in revenue for the 12 months ended June 30, 2024. It plans to list on the Nasdaq under the symbol CRE. American Trust Investment Services and Prime Number Capital are the joint bookrunners on the deal.