Phoenix Asia Holdings Ltd

Phoenix Asia Holdings Ltd (PHOE) priced its initial public offering on Apr 25, 2025 at $4.00 per share, raising $6.4M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $86.4M. D. Boral Capital was lead-left underwriter. Ogier, CFN Lawyers and Sichenzia Ross Ference Carmel advised the company.

Phoenix Asia Holdings Ltd operates through Winfield Engineering (Hong Kong) Limited, founded in 1990, a substructure contractor in Hong Kong. It mainly performs site formation, ground investigation and foundation works, and also some structural steelworks.

Status

IPO

Ticker

PHOE

Exchange

Nasdaq Capital Market

Priced

Apr 25, 2025

IPO price

$4.00

Raised

$6.4M

Market cap at IPO price

$86.4M

First filed

Jan 13, 2025

Underwriters

D. Boral Capital

Company counsel

Ogier, CFN Lawyers and Sichenzia Ross Ference Carmel

Sector

Other

Country / state

Hong Kong

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