TOP WIN INTERNATIONAL LIMITED Announces Closing of Initial Public Offering

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[{"type":"text","content":"Hong Kong, April 03, 2025 (GLOBE NEWSWIRE) -- TOP WIN INTERNATIONAL LIMITED (Nasdaq: TOPW) (the “Company” or “Top Win”), a Hong Kong-based wholesaler specializing in trading, distribution, and retail of luxury watches of international brands, today announced the successful closing of its initial public offering (the “Offering”) of 2,664,000 ordinary shares (the “Ordinary Shares”) at the price of $4.00 per share (the “Offering Price”). The Ordinary Shares commenced trading on the Nasdaq Capital Market on April 2, 2025, under the ticker symbol “TOPW.” The Company received gross proceeds of approximately US$10.6 million from the Offering, before deducting underwriting discounts and other offering expenses. In connection, the Company has granted the underwriters a 45-day option to purchase up to an additional 399,600 Ordinary Shares of the Company, at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering. The Company intends to use the net proceeds from the Offering for: (i) brand marketing and promotion; (ii) sales team expansion and regional growth, including Southeast Asia; (iii) sourcing and inventory diversification; and (iv) working capital and general corporate purposes. The Offering was conducted on a firm commitment basis. Dominari Securities LLC acts as the representative of the underwriters, with Revere Securities LLC acting as the co-underwriter (collectively, the “Underwriters”) for the Offering. Ortoli Rosenstadt LLP, Harney Westwood & Riegels, and Stevenson, Wong & Co. act as the U.S., Cayman Islands, and Hong Kong legal counsels to the Company, respectively. Marcum Asia CPAs LLP acts as the independent registered public accounting firm of the Company. The Crone Law Group, P.C. acts as the U.S. counsel to the Underwriters for the Offering. A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-283448), as amended, and was declared effective by the SEC on March 27, 2025. The Offering was made by means of a prospectus, forming a part of the registration statement, and a free writing prospectus. You may get these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC by email at inf...

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