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Creative Global Technology Holdings Priced, Nasdaq: CGTL

Hong Kong-based seller of pre-owned consumer electronics.

Industry: Consumer Discretionary

Latest Trade: $5.12 0.00 (0.0%)

First Day Return: -2.3%

Return from IPO: +28.0%

Industry: Consumer Discretionary

We conduct our business through CGTHK, a Hong Kong-based company sourcing and reselling recycled consumer electronic devices, currently mostly smartphones, tablets, and laptops. We embody the circular economy in our entire business process. CGTHK operates under a model providing capital liquidity and efficient inventory management. Wholesalers of consumer electronic devices in Southeast Asia and other areas first send their inquiries containing the number and specifications of the consumer electronic devices needed. Then CGTHK gets in touch with suppliers in the U.S., Japan, and some other developed countries. CGTHK will not enter into agreements with the clients or place orders with the suppliers unless it has secured sufficient goods meeting the requirements. As a result, CGTHK has been operating with a lean inventory. CGTHK operates under a model providing capital liquidity and efficient inventory management. Wholesalers of consumer electronic devices in Southeast Asia and other areas first send their inquiries containing the number and specifications of the consumer electronic devices needed. Then CGTHK gets in touch with suppliers in the U.S., Japan, and some other developed countries. CGTHK will not enter into agreements with the clients or place orders with the suppliers unless it has secured sufficient goods meeting the requirements. As a result, CGTHK has been operating with a lean inventory.
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IPO Data
IPO File Date 07/19/2023
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/26/2024
Offer Price $4.00
Price Range $4.00 - $5.00
Offer Shares (mm) 1.3
Deal Size ($mm) $5
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Benjamin Securities
Prime Number Capital
Company Data
Headquarters Hong Kong, China
Founded 2016
Employees at IPO 17
Website www.cgt-electronics.com

Creative Global Technology Holdings (CGTL) Performance