Epsium Enterprise, a Macau-based liquor importer and retailer, raised $5 million by offering 1.25 million shares at $4.00, the low end of the range of $4.00 to $5.00. At pricing, the company is valued at $53 million.
Epsium imports and wholesales beverages in Macau, a special administrative region of China, through its operating subsidiary Luz. The company sells alcoholic beverages, primarily Chinese liquors, French cognac, and Scottish whiskey. Founded in 2010, the Luz generates most of its revenue from high-end Chinese liquor, including brands such as Moutai, Wuliangye, and Xijiu, and claims it was Macau's top wholesaler of high-end Chinese liquor during the three-year period of 2020 to 2022. Its customers include hotel casinos, restaurants, and liquor stores.
Epsium Enterprise plans to list on the Nasdaq under the symbol EPSM. D. Boral Capital acted as sole bookrunner on the deal.
