Neo-Concept International Group Holdings Limited (NCI) Plans to Raise $10 Million in April 23rd IPO

Neo-Concept International Group Holdings Limited (NCI) is planning to raise $10 million in an initial public offering on Tuesday, April 23rd, IPO Scoop reports. The company will be issuing 2,300,000 shares at a price of $4.00-$5.00 per share.

In the last 12 months, Neo-Concept International Group Holdings Limited generated $44.5 million in revenue and $1.6 million in net income. The company has a market-cap of $91.4 million.

Revere Securities acted as the underwriter for the IPO.

Neo-Concept International Group Holdings Limited provided the following description of their company for its IPO: “We are a holding company, incorporated in the  Cayman Islands. We conduct our business through our operating subsidiaries in Hong Kong and the U.K.  NCI is a one-stop apparel solution services provider. We offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets through Neo-Concept HK. (Note: Neo-Concept International Group Holdings Limited increased its IPO’s size to 2.32 million shares – up from 2.0 million shares originally – and kept the price range at $4.00 to $5.00 – to raise $10.44 million, according to an F-1/A filing dated Jan. 17, 2024. Background: Neo-Concept International Group Holdings Limited disclosed terms for its IPO in an F-1/A filed Nov. 1, 2023: 2.0 million shares at $4.00 to $5.00 to raise $9.0 million.)  “.

Neo-Concept International Group Holdings Limited was founded in 1990 and has 24 employees. The company is located at 10/F, Seaview Centre No.139-141 Hoi Bun Road Kwun Tong Kowloon, Hong Kong and can be reached via phone at (852) 2798-8639.