News

Alpha Technology Group Files for IPO

1 Mins read

Alpha Technology Group, a Hong Kong-based IT company, has recently filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission. The company plans to sell 1.75 million ordinary shares, with an estimated price range of $4 to $5 per share, resulting in anticipated gross proceeds of $7 million. Additionally, two existing shareholders intend to sell 2 million additional shares.

After the IPO and subsequent share resale, Alpha expects that 25% of its shares will be held by public shareholders. With a wide range of services including web development, artificial intelligence-powered optical character recognition, and technological support, the company aims to utilize 70% of the proceeds for business expansion and operational growth. The remaining portion will be allocated towards research and development, working capital, as well as other general corporate purposes.

Before the offering, Wittelsbach Group Holdings Limited holds a majority stake of 51% in outstanding shares, while Hanoverian International Group Limited owns 22%. Both of these firms are holding companies owned by Ma Xiaoqiu, who will maintain a controlling stake in Alpha post-offering.

Alpha has applied to be listed on the Nasdaq Capital Market and is seeking to trade under the ticker ATGL. The sole underwriter for the offering is Prime Number Capital.

Related posts
News

Tron Inc. Debuts on Nasdaq as Justin Sun Rings Opening Bell - TokenPost

1 Mins read
Tron Inc., the largest holder of TRX, has achieved a major milestone by officially listing on the Nasdaq exchange, marking a historic…
News

EFCC Takes Sensitization Campaign On Virtual Assets, Money Laundering To CBN - InfoStride News

2 Mins read
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, July 24, sensitized officers of Central…
News

Binance's Top Trending Cryptocurrency Picks for Today, July 23, 2025

10 Mins read
Looking for what’s hot in crypto today, July 23, 2025? We’ve got the rundown on the top trending cryptocurrency picks you’ll find…

Leave a Reply

Your email address will not be published. Required fields are marked *

− 3 = 5