Angie Holdings, a Kong Kong-based supplier of corporate uniforms, raised the proposed deal size for its upcoming IPO on Friday.
The Hong Kong, China-based company now plans to raise $18 million by offering 2.7 million shares at a price range of $5.50 to $7.50. The company had previously filed to offer 1.5 million shares at a range of $4 to $6. At the midpoint of the revised range, Angie Holdings will raise 137% more in proceeds than previously anticipated.
The company is a supplier of corporate uniforms and related services such as design, tailoring, and functionality consulting to clients including contractors, utilities, government departments, and service providers. Angie Holdings also provides safety products including safety hamlets, boots and gloves.
Angie Holdings was founded in 2015 and plans to list on the Nasdaq under the symbol AGIE. Cathay Securities is the sole bookrunner on the deal.
