Globavend Holdings Ltd

Globavend Holdings Ltd (GVH) priced its initial public offering on Nov 9, 2023 at $4.00 per share, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $58.5M. Conyers Dill & Pearman and K&L Gates advised the company and Hunter Taubman Fischer & Li advised the underwriters.

Globavend Holdings Ltd is headquartered in Hong Kong and, through its subsidiary Globavend HK, provides end-to-end supply chain solutions as an e-commerce logistics provider in Hong Kong, Australia and New Zealand.

Status

IPO

Ticker

GVH

Exchange

Nasdaq Capital Market

Priced

Nov 9, 2023

IPO price

$4.00

Raised

$6M

Market cap at IPO price

$58.5M

First filed

Aug 23, 2023

Company counsel

Conyers Dill & Pearman and K&L Gates

Underwriters' counsel

Hunter Taubman Fischer & Li

Sector

Transportation

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