Top Win International, a Hong Kong-based luxury watch wholesaler, raised $11 million by offering 2.7 million shares at $4, the low end of the range of $4 to $6.
Through its operating subsidiary, Top Win is a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. The company sources luxury products directly or indirectly from authorized dealers, distributors, and brand owners, located in Europe, Japan, Singapore, and elsewhere, and sells them to customers, comprising independent watch dealers, watch distributors, and retail buyers within the watch industry. Top Win currently offers a selection of over 30 internationally renowned watch brands and targets customers in the middle- to high-income range.
Top Win International plans to list on the Nasdaq under the symbol TOPW. Dominari Securities and Revere Securities acted as joint bookrunners on the deal.
