Reitar Logtech Holdings Limited, a Hong Kong-based logistics solutions provider, has announced the pricing of its initial public offering (IPO) on August 22, 2024. The company is offering 2,125,000 Class A ordinary shares at $4.00 per share. Trading is expected to commence on the Nasdaq Capital Market on August 23, 2024, under the symbol "RITR". The offering is anticipated to close on August 26, 2024, subject to customary conditions.The company plans to use the net proceeds for expanding resources, investing in logistics facilities, building R&D capabilities, expanding market coverage, and for working capital. Reitar has granted underwriters a 45-day option to purchase up to an additional 318,750 Class A Ordinary Shares at the offering price. Cathay Securities, Inc. is acting as the sole book runner and lead underwriter for this firm commitment offering.Reitar Logtech Holdings Limited provides comprehensive logistics solutions through two primary business segments: asset management and professional consultancy services, and construction management and engineering design services. The company connects capital partners and logistics operators while integrating innovative logistics technologies.

Reitar Logtech Holdings Limited, a Hong Kong-based logistics solutions provider, has announced the pricing of its initial public offering (IPO) on August 22, 2024. The company is offering 2,125,000 Class A ordinary shares at $4.00 per share. Trading is expected to commence on the Nasdaq Capital Market on August 23, 2024, under the symbol "RITR". The offering is anticipated to close on August 26, 2024, subject to customary conditions.The company plans to use the net proceeds for expanding resources, investing in logistics facilities, building R&D capabilities, expanding market coverage, and for working capital. Reitar has granted underwriters a 45-day option to purchase up to an additional 318,750 Class A Ordinary Shares at the offering price. Cathay Securities, Inc. is acting as the sole book runner and lead underwriter for this firm commitment offering.Reitar Logtech Holdings Limited provides comprehensive logistics solutions through two primary business segments: asset management and professional consultancy services, and construction management and engineering design services. The company connects capital partners and logistics operators while integrating innovative logistics technologies.