Powell Max Ltd

Powell Max Ltd (PMAX) priced its initial public offering on Sep 6, 2024 at $4.00 per share, raising $5.7M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $58.1M. Conyers Dill & Pearman, K&L Gates and China Commercial Law Firm advised the company and WallachBeth Capital and Hunter Taubman Fischer & Li advised the underwriters.

Powell Max Ltd is headquartered in Hong Kong and, through its wholly owned subsidiary JAN Financial, provides financial communications services supporting capital market compliance and transaction needs for corporate clients and their advisors.

Status

IPO

Ticker

PMAX

Exchange

Nasdaq Capital Market

Priced

Sep 6, 2024

IPO price

$4.00

Raised

$5.7M

Market cap at IPO price

$58.1M

First filed

May 31, 2024

Company counsel

Conyers Dill & Pearman, K&L Gates and China Commercial Law Firm

Underwriters' counsel

WallachBeth Capital and Hunter Taubman Fischer & Li

Sector

Business services

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.