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Intercont Limited Priced, Nasdaq: NCT

Provides maritime shipping and seaborn pulping services.

Industry: Industrials

Latest Trade: $2.66 0.00 (0.0%)

First Day Return: -2.1%

Return from IPO: -62.1%

We aim to leave green footprints across the oceans through our maritime shipping and seaborne pulping operation. The Group operates its global maritime shipping services through its Shipping Subsidiaries. The Group’s global maritime shipping business consists of two revenue streams, time chartering and vessel management services. The Group’s global maritime shipping business generated US$12.4 million, US$32.4 million and US$31.3 million revenue in the six months ended December 31, 2023, the fiscal years ended June 30, 2023 and 2022, respectively, which constitute 100% of the Group’s revenue in the past two fiscal years. The Group expects to see steady growth in the global maritime shipping business. The Group plans to operate its seaborne pulping business through Openwindow and build its seaborne pulping business upon its long-established global maritime shipping operations. Via a combination of self-owned factory ships and partnership with other shipowners for leased-in factory ships, the Group expects to launch the seaborne pulping business by the first quarter of calendar year 2025.
IPO Data
IPO Date 03/27/2025
Offer Price $7.00
Price Range $7.00 - $9.00
Offer Shares (mm) 1.5
Deal Size ($mm) $11
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Kingswood Capital Markets
Company Data
Headquarters Hong Kong, China
Founded 2023
Employees at IPO 19
Website www.intercontcayman.com

Intercont Limited (NCT) Performance

Created with Highcharts 10.3.2Chart context menuNCT vs. IPO Index (IPOUSA)Mar 31Apr 7Apr 21Apr 28May 5May 12May 19May 26Jun 2Jun 9Jun 23Jul 7Jul 14Jul 21Jul 28Aug 4Aug 11-50%0%+ 50%-100%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexNCTOur ETF tracks the IPO Index