OneConstruction Group Ltd

OneConstruction Group Ltd (ONEG) priced its initial public offering on Jan 2, 2025 at $4.00 per share, within its $4.00–$6.00 range, raising $7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $52M. Harneys and Hunter Taubman Fischer & Li advised the company and Ortoli Rosenstadt advised the underwriters.

OneConstruction Group Ltd is a construction company through its operating subsidiary, which carries out structural steelwork on public residential projects. It completed nine projects in fiscal 2023 and eight in fiscal 2024, with 12 active projects covering 21,024 public residential units.

Status

IPO

Ticker

ONEG

Exchange

Nasdaq Capital Market

Priced

Jan 2, 2025

IPO price

$4.00

Price range

$4.00–$6.00

Raised

$7M

Market cap at IPO price

$52M

First filed

Nov 13, 2024

Company counsel

Harneys and Hunter Taubman Fischer & Li

Underwriters' counsel

Ortoli Rosenstadt

Sector

Other

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