In the past year, Creative Global Technology Holdings Limited made $42.9 million in revenue and $2.8 million in net income. The company has a market cap of $95.6 million.
Benjamin Securities was the underwriter for the IPO.
Creative Global Technology Holdings Limited describes itself as follows: “MISSION: We optimize the lifecycle of consumer electronics by connecting supply and demand, promoting a circular economy, and reducing waste. CORPORATE HISTORY: Established on January 11, 2023, as a Cayman Islands company, CGT Holdings restructured in March 2023. It fully owns CGT BVI, based in the British Virgin Islands, which in turn owns CGTHK, a Hong Kong entity founded in 2016. CGTHK sources pre-owned electronics mainly for resale in Southeast Asia, with over 90% of revenue from this traditional wholesale model. Although CGT Holdings is a holding company, its operations are managed through CGTHK, which presents specific investment risks as shares represent interests in the Cayman entity, not directly in the operating entity.
Notable IPO updates include the following: CGT Holdings has reduced its IPO size to 1.25 million shares (down from 2 million) with a price range of $4 to $5, aiming to raise $5.63 million in total. The company is currently reapplying for a NASDAQ listing after initially applying to CBOE BzX Exchange.
Founded in 2016, the company has 16 employees and is located at Unit 03, 22/F, Westin Centre, 26 Hung To Road, Kwun Tong, Kowloon, Hong Kong. Contact: +852 2690 9121 or visit https://www.cgt-electronics.com/.
Sign up for daily news and ratings about Creative Global Technology Holdings Limited – Enter your email below to receive updates and a daily summary from MarketBeat.com’s free daily newsletter.
