Business
ACCO GROUP HOLDINGS LIMITED ANNOUNCES PARTIAL EXERCISE OF UNDERWRITERS’ OVER-ALLOTMENT OPTION
Hong Kong, Nov. 19, 2025 (GLOBE NEWSWIRE) -- ACCO GROUP HOLDINGS LIMITED (Nasdaq: ACCL) (the “Company”), a corporate services provider headquartered in Hong Kong, today announced the partial exercise of the over-allotment option (the “Over-Allotment Option”) by the underwriters of Company’s initial public offering (the “Offering”) to purchase an additional 49,900 ordinary shares of the Company at the initial public offering price of US$4.00 per share and the closing of such issuance. After givin
About this update from Acco Group Holdings Limited
[{"type":"text","content":"Hong Kong, Nov. 19, 2025 (GLOBE NEWSWIRE) -- ACCO GROUP HOLDINGS LIMITED (Nasdaq: ACCL) (the “Company”), a corporate services provider headquartered in Hong Kong, today announced the partial exercise of the over-allotment option (the “Over-Allotment Option”) by the underwriters of Company’s initial public offering (the “Offering”) to purchase an additional 49,900 ordinary shares of the Company at the initial public offering price of US$4.00 per share and the closing of such issuance. After giving effect to the partial exercise of the Over-Allotment Option, the total number of ordinary shares sold by the Company in the Offering increased to 1,449,900 ordinary shares and the gross proceeds increased to approximately US$5.80 million, before deducting underwriting discounts and other related expenses.","length":808,"tagName":"p"},{"type":"text","content":"The ordinary shares of the Company commenced trading on the Nasdaq Capital Market on October 17, 2025, under the symbol “ACCL.”","length":127,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the Company’s brand globally, and general working capital purposes.","length":370,"tagName":"p"},{"type":"text","content":"The Offering was conducted on a firm commitment basis. Craft Capital Management LLC was acting as the representative of the underwriters in the Offering, and Revere Securities LLC is acting an underwriter (collectively, the “Underwriters”). Ortoli Rosenstadt LLP acted as the U.S. securities counsel to the Company, and Robinson & Cole LLP acted as the U.S. securities counsel to the Underwriters in connection with the Offering.","length":433,"tagName":"p"},{"type":"text","content":"The Offering was conducted pursuant to the Company’s registration statement on Form F-1 (File No. 333-288756) previously filed with, and subsequently declared effective on September 30, 2025 by, the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus describing the terms of the Offering was filed with the SEC on October 17, 2025 and is available on the SEC’s website at www.sec.gov. Ele...