Global Engine Group Holding, a Hong Kong-based ICT solutions provider, announced terms for its IPO on Wednesday.
The company plans to raise $16 million by offering 3.5 million shares at a price range of $4 to $5. At the midpoint of the proposed range, Global Engine Group Holding would command a market value of $88 million.
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 $7 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol GLE. Univest Securities is the sole bookrunner on the deal.
