Hong Kong, Sept. 20, 2024 — Global Engine Group Holding Limited (GLE), a Hong Kong-based provider of integrated solutions in information communication technologies (ICT), announced the pricing of its initial public offering (IPO) of 2,000,000 ordinary shares at a public offering price of $4.00 per share, raising total gross proceeds of $8,000,000 before underwriting discounts and other offering expenses. The ordinary shares are expected to commence trading on the Nasdaq Capital Market on September 20, 2024, under the ticker symbol “GLE”.
The underwriters have been granted an option to purchase up to an additional 300,000 ordinary shares at the IPO price, less underwriting discounts, to cover any over-allotments within 45 days from the Offering’s closing date.
The Offering is anticipated to close on September 23, 2024, subject to the satisfaction of customary closing conditions. The Offering is being conducted on a firm commitment basis, with R.F. Lafferty & Co., Inc. serving as the sole underwriter.
Robinson & Cole LLP is acting as U.S. counsel to the Company, while Winston & Strawn LLP is acting as U.S. counsel to the Underwriter in connection with the Offering.
GLE intends to use the proceeds from the Offering for brand promotion and marketing (25%), recruitment of talented personnel (25%), strategic investments and acquisitions (25%), and general working capital (25%).
A registration statement on Form F-1 (File No. 333-266919) relating to the Offering has been filed with the U.S. Securities and Exchange Commission (SEC) and was declared effective by the SEC on September 16, 2024. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering can be obtained, when available, from R. F. Lafferty & Co., Inc by email at or via standard mail to R. F. Lafferty & Co., Inc, 40 Wall Street, 27th Floor, New York, NY10005. You can also access a copy of the final prospectus via the SEC’s website at .
Before investing, you should review the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Global Engine Group Holding Limited
Global Engine Group Holding Limited is an integrated solutions provider operating through a wholly-owned subsidiary incorporated in Hong Kong. They offer ICT solution services, including cloud platform deployment, IT system design and configuration, maintenance, data center colocation and cloud services; technical services, encompassing technical development, support, and outsourcing services for data center and cloud computing infrastructure, mobility and fixed network communications, and IoT projects; and project management services, enhancing productivity and collaboration management to enable successful implementations and adoption of solutions for customers. GLE’s target customer groups include small to medium-sized telecom operators and ICT service providers seeking expansion in Hong Kong and the South East Asian market, data center and cloud computing services providers, and IoT solutions providers. For more information, please visit: ; .
Forward-Looking Statement
This press release includes forward-looking statements. Forward-looking statements concern plans, objectives, goals, strategies, future events or performance, underlying assumptions, and statements other than statements of historical facts. These forward-looking statements include, without limitation, the Company’s statements regarding the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from the Company’s expectations. These forward-looking statements are subject to uncertainties and risks, including the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. Investors should not place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which can be found at . The Company assumes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
Underwriters
R. F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor
New York, NY 10005
(212) 293-9090
Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email:
Phone: +86 13811768599
+1 628 283 9214