Raytech Holding Ltd

Raytech Holding Ltd (RAY) priced its initial public offering on May 15, 2024 at $4.00 per share, within its $4.00–$5.00 range, raising $6M, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $70M. Forbes Hare, Robinson & Cole and Han Kun advised the company and Hunter Taubman Fischer & Li advised the underwriters.

Raytech Holding Ltd principally sources and wholesales personal care electrical appliances for international brand owners through its Pure Beauty business. It also provides product design and development collaboration, and has operated since 2013.

Status

IPO

Ticker

RAY

Exchange

Nasdaq Capital Market

Priced

May 15, 2024

IPO price

$4.00

Price range

$4.00–$5.00

Raised

$6M

Market cap at IPO price

$70M

First filed

Oct 27, 2023

Company counsel

Forbes Hare, Robinson & Cole and Han Kun

Underwriters' counsel

Hunter Taubman Fischer & Li

Sector

Industrials & materials

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.