By Denny Jacob
Intelligent Group lowered its public offering to 2 million shares from about 3.8 million shares.
The company, a professional services provider based in Hong Kong, estimates its initial public offering price will be in the range of $4 a share to $5 a share, according to a regulatory filing.
Intelligent Group estimates it will receive net proceeds from the offering of about $7.6 million based on a price of $4.50 a share. It plans to use the proceeds to grow its financial public relations business, update its information technology systems, and to fund working capital and for other general corporate purposes.
The company said it intends to apply to have its ordinary shares listed on the Nasdaq Capital Market under the ticker INTJ.
Write to Denny Jacob at [email protected]
Read the full article here