OneConstruction Group Limited Successfully Completes Initial Public Offering on Nasdaq
On January 2, 2025, OneConstruction Group Limited, a structural steelwork contractor based in Hong Kong, declared the successful completion of its initial public offering (IPO). The company offered 1,750,000 ordinary shares priced at $4.00 each, accumulating a total of $7 million before considering underwriting discounts and expenses. This event marks a significant milestone in the company’s trajectory, reflecting its robust commitment to growth within the construction industry.
The IPO saw its ordinary shares commence trading on the Nasdaq Capital Market under the ticker symbol "ONEG" starting December 31, 2024, following the declaration of effectiveness by the U.S. Securities and Exchange Commission (SEC) on December 20, 2024. The company additionally granted underwriters a 45-day option to purchase up to 262,500 additional shares, a move which could bolster its fundraising efforts.
Proceeds from the Offering are earmarked for various strategic initiatives, primarily aimed at covering preemptive costs for upcoming projects, enhancing the management and technical teams, and fortifying working capital. The construction sector in Hong Kong is vibrant, with the company poised to serve both public and private clients in a multitude of projects ranging from residential to major infrastructure developments.
OneConstruction Group's IPO was managed by American Trust Investment Services and WestPark Capital, with WestPark serving as the book-running manager. Legal counsel for the company was provided by Hunter Taubman Fischer & Li LLC, while Ortoli Rosenstadt LLP acted as counsel to the underwriters. The registration statement for the IPO was filed on Form F-1 (File No. 333-28316) with the SEC, a testament to the thorough preparations undertaken prior to this venture.
Investors interested in learning more about OneConstruction Group or accessing the final prospectus related to the Offering can do so through WestPark Capital or American Trust Investment Services. It is imported to note that investment decisions should be made after a careful review of the available documentation.
As a structural steelwork contractor, OneConstruction Group adeptly manages the procurement and installation of structural steel for a diverse array of projects throughout Hong Kong. The firm’s expertise spans multiple sectors, including residential, commercial, and infrastructure, ensuring that both public and private partners benefit from high-quality service and innovation. To explore more about their offerings and corporate activities, visit their official website at www.OneConstruction.com.hk.
Looking ahead, OneConstruction Group remains committed to advancing its market position as a leading player in the construction industry. The successful IPO not only provides capital but also enhances its visibility and credibility in the market.
In conclusion, this successful IPO represents an exciting chapter for OneConstruction Group as it seeks to expand its operations and explore new opportunities within the construction sector. The commitment to quality, combined with the influx of capital, positions the company for sustained growth and success in the years to come.
The IPO saw its ordinary shares commence trading on the Nasdaq Capital Market under the ticker symbol "ONEG" starting December 31, 2024, following the declaration of effectiveness by the U.S. Securities and Exchange Commission (SEC) on December 20, 2024. The company additionally granted underwriters a 45-day option to purchase up to 262,500 additional shares, a move which could bolster its fundraising efforts.
Proceeds from the Offering are earmarked for various strategic initiatives, primarily aimed at covering preemptive costs for upcoming projects, enhancing the management and technical teams, and fortifying working capital. The construction sector in Hong Kong is vibrant, with the company poised to serve both public and private clients in a multitude of projects ranging from residential to major infrastructure developments.
OneConstruction Group's IPO was managed by American Trust Investment Services and WestPark Capital, with WestPark serving as the book-running manager. Legal counsel for the company was provided by Hunter Taubman Fischer & Li LLC, while Ortoli Rosenstadt LLP acted as counsel to the underwriters. The registration statement for the IPO was filed on Form F-1 (File No. 333-28316) with the SEC, a testament to the thorough preparations undertaken prior to this venture.
Investors interested in learning more about OneConstruction Group or accessing the final prospectus related to the Offering can do so through WestPark Capital or American Trust Investment Services. It is imported to note that investment decisions should be made after a careful review of the available documentation.
As a structural steelwork contractor, OneConstruction Group adeptly manages the procurement and installation of structural steel for a diverse array of projects throughout Hong Kong. The firm’s expertise spans multiple sectors, including residential, commercial, and infrastructure, ensuring that both public and private partners benefit from high-quality service and innovation. To explore more about their offerings and corporate activities, visit their official website at www.OneConstruction.com.hk.
Looking ahead, OneConstruction Group remains committed to advancing its market position as a leading player in the construction industry. The successful IPO not only provides capital but also enhances its visibility and credibility in the market.
In conclusion, this successful IPO represents an exciting chapter for OneConstruction Group as it seeks to expand its operations and explore new opportunities within the construction sector. The commitment to quality, combined with the influx of capital, positions the company for sustained growth and success in the years to come.
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