Samfine Creation Holdings Group, a Hong Kong-based provider of printing services, raised $8 million by offering 2.0 million shares at $4.00, the low end of the range of $4.00 to $5.00. The company had originally filed in November 2023 to sell 2.5 million shares, but downsized the offering in May.
Through its operating subsidiaries, Samfine Creation offers a wide range of printed products including book products, like educational books and notebooks, and novelty and packaging products, like handcraft products and pop-up books. Its customers are primarily book traders in Hong Kong whose clients are located around the world, mainly in the US and Europe. Samfine Creation's operating subsidiaries have extensive experience in customized and personalized book printing.
Samfine Creation Holdings Group listed on the Nasdaq on Tuesday under the symbol SFHG; the stock closed its first day 33% above offer at $5.30. Cathay Securities acted as lead underwriter.
