WestPark Capital Announces Closing of a $7 Million IPO for OneConstruction Group Limited (NASDAQ:ONEG)
OneConstruction Group (NASDAQ:ONEG), a Hong Kong-based structural steelwork contractor, has successfully completed its Initial Public Offering (IPO) raising $7 million. The company offered 1,750,000 ordinary shares at $4.00 per share, with trading commencing on the Nasdaq Capital Market on December 31, 2024, under the ticker symbol 'ONEG'.
WestPark Capital served as the book-running manager for the offering. The underwriters have been granted a 45-day option to purchase up to an additional 15% of the aggregate number of ordinary shares. The IPO was conducted through a registration statement on Form F-1, which was declared effective by the SEC on December 20, 2024.
OneConstruction Group (NASDAQ:ONEG), un contraente di opere in acciaio strutturale con sede a Hong Kong, ha completato con successo la sua Offerta Pubblica Iniziale (IPO) raccogliendo 7 milioni di dollari. L'azienda ha offerto 1.750.000 azioni ordinarie a 4,00 dollari per azione, con inizio delle contrattazioni sul Nasdaq Capital Market il 31 dicembre 2024, sotto il simbolo ticker 'ONEG'.
WestPark Capital ha servito come gestore principale dell'offerta. Gli underwriters hanno ricevuto un'opzione di 45 giorni per acquistare fino a un ulteriore 15% del numero totale di azioni ordinarie. L'IPO 猫 stata condotta attraverso una dichiarazione di registrazione nel modulo F-1, dichiarata efficace dalla SEC il 20 dicembre 2024.
OneConstruction Group (NASDAQ:ONEG), un contratista de estructuras de acero con sede en Hong Kong, ha completado con 茅xito su Oferta P煤blica Inicial (IPO) recaudando 7 millones de d贸lares. La empresa ofreci贸 1,750,000 acciones ordinarias a 4,00 d贸lares por acci贸n, comenzando las operaciones en el Nasdaq Capital Market el 31 de diciembre de 2024, bajo el s铆mbolo de cotizaci贸n 'ONEG'.
WestPark Capital sirvi贸 como gestor principal de la oferta. A los suscriptores se les ha otorgado una opci贸n de 45 d铆as para comprar hasta un 15% adicional del n煤mero total de acciones ordinarias. La IPO se realiz贸 a trav茅s de una declaraci贸n de registro en el formulario F-1, que fue declarada efectiva por la SEC el 20 de diciembre de 2024.
OneConstruction Group (NASDAQ:ONEG), 頇嶌僵鞐� 氤胳偓毳� 霊� 甑“ 臧曥矤 鞛戩梾 瓿勳暯鞐呾泊臧� 700毵� 雼煬毳� 氇笀頃橂┌ 靹标车鞝侅溂搿� 斓滌磮 瓿店皽 鞛愱笀 氇(IPO)鞚� 鞕勲頄堨姷雼堧嫟. 鞚� 須岇偓電� 1,750,000欤�鞚� 氤错喌欤茧ゼ 欤茧嫻 4.00 雼煬鞐� 鞝滉车頄堨溂氅�, 2024雲� 12鞗� 31鞚检棎 雮橃姢雼� 歃濌秾鞁滌灔鞐愳劀 'ONEG'霛茧姅 韹办护 鞁臣 鞎勲灅 瓯半灅臧� 鞁滌瀾霅╇媹雼�.
WestPark Capital鞚� 鞚措矆 鞝滉车鞚� 欤缄磤 毵る媹鞝�搿� 頇滊彊頄堨姷雼堧嫟. 鞚胳垬鞛愲摛鞚� 齑� 氤错喌欤� 靾橃潣 斓滊寑 15%毳� 於旉皜搿� 甑Г頃� 靾� 鞛堧姅 45鞚检潣 鞓奠厴鞚� 攵�鞐悩鞐堨姷雼堧嫟. IPO電� SEC臧� 2024雲� 12鞗� 20鞚检棎 鞙犿毃頃橂嫟瓿� 靹犾柛頃� F-1 鞏戩嫕鞚� 韱淀暅 霌彪 歆勳垹靹滊ゼ 韱淀暣 歆勴枆霅橃棃鞀惦媹雼�.
OneConstruction Group (NASDAQ:ONEG), un entrepreneur en structures m茅talliques bas茅 脿 Hong Kong, a r茅ussi 脿 finaliser son Introduction en Bourse (IPO) en levant 7 millions de dollars. L'entreprise a offert 1 750 000 actions ordinaires 脿 4,00 dollars par action, avec le d茅but des 茅changes sur le Nasdaq Capital Market le 31 d茅cembre 2024, sous le symbole boursier 'ONEG'.
WestPark Capital a agi en tant que gestionnaire principal de l'offre. Les souscripteurs ont re莽u une option de 45 jours pour acheter jusqu'脿 15 % suppl茅mentaires du nombre total d'actions ordinaires. L'IPO a 茅t茅 r茅alis茅e par le biais d'une d茅claration d'enregistrement sous le formulaire F-1, qui a 茅t茅 d茅clar茅e efficace par la SEC le 20 d茅cembre 2024.
OneConstruction Group (NASDAQ:ONEG), ein in Hongkong ans盲ssiger Auftragnehmer f眉r Stahlbau, hat erfolgreich seinen B枚rsengang (IPO) abgeschlossen und 7 Millionen Dollar aufgebracht. Das Unternehmen bot 1.750.000 Stammaktien zu einem Preis von 4,00 Dollar pro Aktie an, wobei der Handel am Nasdaq Capital Market am 31. Dezember 2024 unter dem Tickersymbol 'ONEG' beginnt.
WestPark Capital fungierte als Hauptverwalter der Emission. Den Underwritern wurde eine 45-t盲gige Option gew盲hrt, bis zu 15% der Gesamtanzahl der Stammaktien zus盲tzlich zu kaufen. Der IPO wurde durch eine Registrierungsanmeldung im Formular F-1 durchgef眉hrt, die von der SEC am 20. Dezember 2024 f眉r wirksam erkl盲rt wurde.
- Successfully raised $7 million through IPO
- Achieved NASDAQ listing, providing access to U.S. capital markets
- Underwriters granted 45-day option for additional 15% share purchase
- Small IPO size may indicate market capitalization
- Single-market focus (Hong Kong) suggests geographic concentration risk
Insights
The successful completion of OneConstruction Group's
The IPO's pricing and size suggest a cautious approach to market entry, typical for small-cap foreign issuers. The relatively modest raise indicates the company is likely focusing on establishing market presence rather than aggressive expansion. The inclusion of an overallotment option demonstrates underwriter confidence in potential market demand, though the small float size could lead to increased volatility in early trading.
For context, at the IPO price, OneConstruction Group's market capitalization of approximately
The listing on the Nasdaq Capital Market represents a significant milestone in expanding access to U.S. capital markets for Asian construction sector companies. WestPark Capital's role as book-runner is noteworthy, as they specialize in emerging growth sectors and micro-cap offerings. The SEC registration and compliance process, culminating in the December 20, 2024 effectiveness date, demonstrates regulatory validation of the offering structure.
Key technical aspects of this IPO warrant attention:
- The tight pricing band and modest size suggest a focus on ensuring successful placement rather than maximizing proceeds
- The 45-day overallotment option provides flexibility to absorb excess demand while maintaining price stability
- The direct listing on Nasdaq Capital Market, rather than an uplisting from OTC markets, indicates confidence in meeting higher listing standards
While the initial float is relatively small, the successful completion of this IPO opens doors for future capital raising opportunities through follow-on offerings or other financing instruments, provided the company can demonstrate strong operational execution and market performance.
WestPark Capital was the book-running manager for the Offering.
A registration statement on Form F-1 (File No. 333-28316) relating to the Offering, as amended, has been filed with the
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at or at info@wpcapital.com.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
View source version on businesswire.com:
WestPark Capital, Inc.
Jason Stern
info@wpcapital.com
Source: WestPark Capital
FAQ
How much did OneConstruction Group (ONEG) raise in its IPO?
When did OneConstruction Group (ONEG) begin trading on NASDAQ?
What is the underwriters' option in OneConstruction Group's (ONEG) IPO?
What is OneConstruction Group's (ONEG) main business activity?
What was the IPO price per share for OneConstruction Group (ONEG)?
