Agencia Comercial Spirits, a Taiwan-based whiskey retailer and distributor, raised $7 million by offering 1.8 million shares at $4, the low end of the range of $4 to $6. At pricing, Agencia Comercial Spirits commands a market cap of $136 million.
Through its operating subsidiary Agencia Comercial, the company offers imported whiskies and related services to its clients. Its three primary business areas include bottled whiskey sales, which involves sourcing bottled whiskey from local suppliers in Taiwan and reputable distilleries in the UK, and selling these products to bars, restaurants, nightclubs, VIP lounges, and corporate clients; raw cask whiskey sales, which involves the procurement and sale of raw cask whiskey sourced directly from distilleries in the UK; and cask-to-bottle and distribution, which involves brand-authorized whiskey bottling, packaging, and sales.
Agencia Comercial Spirits plans to list on the Nasdaq under the symbol AGCC. Revere Securities and D. Boral Capital acted as joint bookrunners on the deal.
