IPO

FENBO HOLDINGS LTD. IPO Date and Details, New IPO in Nasdaq

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FENBO HOLDINGS LTD. IPO : In a move that promises to captivate both seasoned investors and market enthusiasts alike, Fenbo Holdings Ltd., a dynamic player in personal care electric appliances and toys, has officially announced the date and details of its Initial Public Offering (IPO) on Nasdaq.

FENBO HOLDINGS LTD. IPO Company Overview

Proposed SymbolFEBO
Company NameFenbo Holdings Ltd
ExchangeNASDAQ Capital
Share Price$5.00
Employees284 (as of 06/30/2023)
StatusFiled
Shares Offered1000000
Offer amount$5,750,000
Shares Over Alloted150,000
Company AddressUNIT J, 19/F, WORLD TECH CENTRE 95 HOW MING ROAD KWUN TONG, KOWLOON 0000
Company Phone852-2343-3328
Company Websitewww.fenbo.com
CEOSiu Lun Allan Li
State of Inc
Fiscal Year End12/31
Total Offering Expense$1,189,000.00
Shareholder Shares Offered
Shares Outstanding11,000,000
Lockup Period (days)180
Lockup Expiration
Quiet Period Expiration
CIK0001957001
DealId1270303-107669

FENBO HOLDINGS LTD. IPO Company Details

We are a holding company registered in the Cayman Islands, overseeing business operations conducted by our subsidiaries situated in Hong Kong (two subsidiaries) and mainland China (one subsidiary). With a cumulative experience of more than 30 years, we specialize in the production of personal care electric appliances, predominantly focusing on electrical hair styling products and toys intended for international markets. Our company is officially incorporated in the Cayman Islands.

Our primary product offerings encompass curling wands and irons, flat irons and hair straighteners, along with various other small personal care electrical appliances such as trimmers, nail polishers, pet shampoo brushes, eyebrow tweezers, and more.

We currently serve dual roles as both an “OEM” (original equipment manufacturer) and an “ODM” (original design manufacturer). Since 2006, we have been operating as an OEM for Spectrum Brands, a globally recognized home essentials company. As their exclusive supplier, we manufacture electrical hair styling products under the “Remington” brand. These products are distributed in Europe, North America, and Latin America.

Our operational journey commenced in 1993 when FIL was established in Hong Kong by Mr. Li Kin Shing as a toy manufacturer and distributor. Responding to changes in the toy market, AIL was founded in 2005 in Hong Kong, marking a strategic shift towards the manufacturing and sales of personal care electric appliances. Our manufacturing subsidiary, FPPF, situated in Guangdong, PRC, was established in the People’s Republic of China on October 19, 2010, and possesses the capacity to produce over 3 million units annually.

*Note: Financial figures, including net income and revenue, are presented in U.S. dollars and have been converted from Hong Kong dollars for the 12 months ending June 30, 2023.

(Fenbo Holdings Ltd. submitted its F-1/A, outlining the terms for its IPO on September 11, 2023: 1.0 million shares at $4.00 to $6.00 per share, with the aim of raising $5.0 million. Confidential IPO documents were initially submitted to the SEC on December 16, 2022.)

(Disclaimer :- This Information is Taken from official website of Nasdaq, only for information you get info rom official website)

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