Prykhodov Solowin Holdings (SWIN), a web-based brokerage based mostly in Hong Kong, has set phrases for a proposed $15M US preliminary public providing. The monetary providers firm stated in a submitting that it was providing 3M abnormal shares priced between $4 and $6 per share, which might elevate round $15M if priced on the midpoint. …
Prykhodov
Solowin Holdings (SWIN), a web-based brokerage based mostly in Hong Kong, has set phrases for a proposed $15M US preliminary public providing.
The monetary providers firm stated in a submitting that it was providing 3M abnormal shares priced between $4 and $6 per share, which might elevate round $15M if priced on the midpoint. Underwriters could be granted a 45-day possibility to purchase as much as 450K further shares.
EF Hutton is serving as lead bookrunner. The corporate hopes to listing its inventory on Nasdaq below the image SWIN.
Included within the Cayman Islands, Solowin operates via a subsidiary in Hong Kong. For the fiscal yr ended March 31, 2022, the corporate reported a internet lack of $979K on income of $3.3M, in keeping with the submitting.
The brokerage first filed for the IPO in early Could, indicating it was searching for to lift round $17M.
Hong Kong brokerage Solowin information for proposed $17M US IPO
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