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 is the underwriter for their IPO.
Creative Global Technology Holdings Limited focuses on recycling consumer electronics to reduce waste and promote a circular economy. They are a Cayman Islands company, formed in January 2023, and operate mainly through their Hong Kong subsidiary, CGTHK, which sources pre-owned electronics since 2016. Although they now also offer retail and leasing services, over 90% of their revenue in 2022 came from wholesale.
Important notes:
– Net income and revenue figures are for the year ending March 31, 2024.
– The IPO includes 1.25 million shares priced between $4.00 to $5.00, aiming to raise $5.63 million.
– Creative Global Technology Holdings has filed to list its stock on NASDAQ.
The company, located in Hong Kong, has 16 employees. For more information, visit https://www.cgt-electronics.com/ or call +852 2690 9121.
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