Top Wealth Group Holding Ltd

Top Wealth Group Holding Ltd (TWG) priced its initial public offering on Apr 16, 2024 at $4.00 per share, and listed on Nasdaq Capital Market. At the IPO price its market capitalization was about $116M. Ogier, Ortoli Rosenstadt and AllBright advised the company and Crone Law Group advised the underwriters.

Top Wealth Group Holding Ltd is a Hong Kong-headquartered supplier of luxury caviar products, specialized in premium sturgeon caviar. It has traded under CITES permits since establishing its caviar business in August 2021 and supplies customers under private labels.

Status

IPO

Ticker

TWG

Exchange

Nasdaq Capital Market

Priced

Apr 16, 2024

IPO price

$4.00

Market cap at IPO price

$116M

First filed

Nov 21, 2023

Company counsel

Ogier, Ortoli Rosenstadt and AllBright

Underwriters' counsel

Crone Law Group

Sector

Consumer

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