Hong Kong professional services firm Acco Group prices US IPO at $4, the low end of the range
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Acco Group Holdings, a Hong Kong-based professional services firm, has priced its US IPO at $4 per share, raising $6 million by offering 1.4 million shares. This pricing is at the low end of the expected range of $4 to $6, giving the company a market cap of $56 million. The firm provides corporate secretarial and accounting services in Hong Kong and intellectual property registration in Singapore, with a significant portion of revenue from secretarial services. Acco Group plans to list on Nasdaq under the symbol ACCL, with Craft Capital Management and Revere Securities as joint bookrunners.
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