Chinese consumer goods supplier Aigo Holdings submits IPO application for US stock market, aiming to raise USD 10 million
Chinese consumer goods supplier Aigo Holdings has submitted an IPO application to the U.S. Securities and Exchange Commission, planning to raise $10 million by issuing 2 million shares at a price range of $4 to $6 per share, with an expected market capitalization of $335 million. The company is headquartered in Fuzhou and operates in 40 countries worldwide, with projected sales of $207 million in 2024. It plans to list on NASDAQ under the ticker symbol AIGO
According to the Zhitong Finance APP, China's global consumer goods supplier Aigo Holding Limited submitted an IPO application to the U.S. Securities and Exchange Commission on Thursday, planning to raise $10 million.
The company plans to issue 2 million shares at a price range of $4 to $6 per share, raising $10 million. Based on the midpoint of the proposed price range, Aigo Holding's market capitalization will reach $335 million. The circulating shares for this IPO will account for only 3.0% of the issued basic shares.
Aigo Holding initially started its business in Spain and is a consumer goods supplier operating globally in Europe, Asia, North America, Latin America, and Africa. In 2024, the company's revenue will come from approximately 40 countries and regions across four continents. It has three proprietary brands, with products mainly spanning four categories: lighting products, electrical products, home appliances, and pet products.
Headquartered in Fuzhou, China, Aigo Holding was established in 2011, with sales of $207 million for the 12 months ending December 31, 2024. The company plans to list on NASDAQ under the stock code AIGO. Eddid Securities and Futures is the sole bookrunner for this transaction
