Global Engine Group Holding, a Hong Kong-based ICT solutions provider, raised the proposed deal size for its upcoming IPO on Wednesday. In its latest filing, the company also replaced sole bookrunner Univest Securities with Prime Number Capital.
The company now plans to raise $14 million by offering 3 million shares at a price range of $4 to $5. The company had previously filed to offer 2 million shares at the same range. At the midpoint, Global Engine Group Holding will raise 50% more in proceeds than previously anticipated.
Global Engine Group Holding is an integrated ICT solutions provider that delivers custom tailored solutions in the broader areas of cloud, security, networking, data management and visualization, edge computing, and other innovative and emerging technologies. The company claims to leverage its ties with telecom carriers, vendors, and regulators to offer multi-vendor ICT solutions that are optimized for each customer’s specific requirements.
Global Engine Group Holding was founded in 2018 and booked $6 million in revenue for the 12 months ended December 31, 2022. It plans to list on the Nasdaq under the symbol GLE. Prime Number Capital is the sole bookrunner on the deal.
