New Century Logistics (BVI) Ltd

New Century Logistics (BVI) Ltd (NCEW) priced its initial public offering on Dec 18, 2024 at $4.00 per share, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $86M. Craft Capital was lead-left underwriter, joined by R.F. Lafferty. Ogier, Sichenzia Ross Ference Carmel, KS Ng Law Office and Yuan Tai Law Offices advised the company and Hunter Taubman Fischer & Li advised the underwriters.

New Century Logistics (BVI) Ltd is a Hong Kong-based freight forwarding service provider, operating since 2004. It provides air and ocean export and import freight forwarding, including cargo space sales, pick-up, security screening, documentation and customs clearance, for shippers and other freight forwarders.

Status

IPO

Ticker

NCEW

Exchange

Nasdaq Capital Market

Priced

Dec 18, 2024

IPO price

$4.00

Raised

$6M

Market cap at IPO price

$86M

First filed

Aug 21, 2023

Underwriters

Craft Capital and R.F. Lafferty

Company counsel

Ogier, Sichenzia Ross Ference Carmel, KS Ng Law Office and Yuan Tai Law Offices

Underwriters' counsel

Hunter Taubman Fischer & Li

Sector

Transportation

Country / state

China

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