CL Workshop Group Ltd

CL Workshop Group Ltd (NWGL) priced its initial public offering on Sep 14, 2023 at $9.00 per ADS, within its $9.00–$11.00 range, raising $6.8M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $125.2M. Prime Number was lead-left underwriter. Loeb & Loeb, Ogier and Jingtian & Gongcheng advised the company and Hunter Taubman Fischer & Li advised the underwriters.

At its 2023 IPO, Nature Wood Group (now CL Workshop Group Ltd) was a vertically integrated forestry company headquartered in Macau, covering forest management, harvesting, wood processing and distribution. It sold logs, decking, flooring, sawn timber, charcoal and essential oils in Europe, Asia, the Americas and China.

Status

IPO

Ticker

NWGL

Exchange

Nasdaq Capital Market

Priced

Sep 14, 2023

IPO price

$9.00 per ADS

Price range

$9.00–$11.00

Raised

$6.8M

Market cap at IPO price

$125.2M

First filed

Apr 25, 2023

Underwriters

Prime Number

Company counsel

Loeb & Loeb, Ogier and Jingtian & Gongcheng

Underwriters' counsel

Hunter Taubman Fischer & Li

Sector

Industrials & materials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.