On November 30, 2023, Fenbo Holdings Limited (“Huibao”), an electric hairdressing product manufacturer from Hong Kong, was successfully listed on the US Nasdaq IPO under the stock code FEBO. It was secretly submitted to the SEC on December 16, 2022, and later publicly disclosed the prospectus on September 11, 2023.

Huibao's IPO raised 5 million US dollars by issuing 1 million common shares at an issue price of 5 US dollars per share.

Link to Huibao's prospectus:

https://www.sec.gov/Archives/edgar/data/1957001/000149315223043332/form424b3.htm

Huibao, as an electronic hairdressing equipment manufacturer, designs and produces personal care appliances such as irons, hair straighteners, curling irons, and toy products. The company owns the Remington brand and currently sells in Europe, the US and Latin America.　

As of the close of the market on Friday (December 15), FEBO (FEBO) closed at $5.00 per share, which is the same as the listing price ($5.00). Currently, the total market value is about US$55 million.