Powell Max Ltd Plans IPO with 1.4M Shares
Ticker: PMAX · Form: 6-K · Filed: Sep 6, 2024 · CIK: 2012096
| Field | Detail |
|---|---|
| Company | Powell Max Ltd (PMAX) |
| Form Type | 6-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $4.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, underwriting, offering
TL;DR
Powell Max Ltd is going public, filing for an IPO of 1.4M shares with WallachBeth Capital.
AI Summary
On September 5, 2024, Powell Max Limited entered into an underwriting agreement with WallachBeth Capital LLC for its initial public offering (IPO). The IPO involves the sale of 1,426,750 Class A Ordinary Shares.
Why It Matters
This filing signals Powell Max Ltd's move towards becoming a publicly traded company, which could increase its visibility and access to capital.
Risk Assessment
Risk Level: medium — The company is undergoing an IPO, which is a significant event with inherent market and execution risks.
Key Numbers
- 1,426,750 — Class A Ordinary Shares (Number of shares to be offered in the IPO)
Key Players & Entities
- Powell Max Limited (company) — Registrant
- WallachBeth Capital LLC (company) — Representative of the underwriters
- September 5, 2024 (date) — Date of underwriting agreement
- 1,426,750 (dollar_amount) — Number of Class A Ordinary Shares in IPO
FAQ
What is the total value of the IPO?
The filing does not specify the price per share or the total value of the IPO, only the number of shares being offered.
When is the IPO expected to take place?
The filing does not provide an expected date for the IPO, only the date of the underwriting agreement (September 5, 2024).
What are the terms of the underwriting agreement?
The filing states that an underwriting agreement was entered into with WallachBeth Capital LLC as the representative of the underwriters, but the specific terms are not detailed in this excerpt.
What is Powell Max Limited's business?
The filing identifies Powell Max Ltd as being in the 'SERVICES-MISCELLANEOUS BUSINESS SERVICES' sector (SIC code 7380) and lists its address in Hong Kong.
Is Powell Max Limited a US or foreign company?
Powell Max Limited is identified as a 'Foreign Private Issuer' and its principal executive office is in Hong Kong, indicating it is a foreign company.
Filing Stats: 399 words · 2 min read · ~1 pages · Grade level 11.2 · Accepted 2024-09-06 14:46:42
Key Financial Figures
- $0.0001 — dinary Shares of the Company, par value $0.0001 per share (the “Ordinary Shares&r
- $4.00 — 024. The Ordinary Shares were priced at $4.00 per share, and the offering was conduct
Filing Documents
- ea0213793-6k_powell.htm (6-K) — 14KB
- ea021379301ex99-1_powell.htm (EX-99.1) — 9KB
- ea021379301ex99-2_powell.htm (EX-99.2) — 7KB
- 0001213900-24-076452.txt ( ) — 30KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. POWELL MAX LIMITED By: /s/ Tsz Kin Wong Name: Tsz Kin Wong Title: Chairman of the Board, Executive Director and Chief Executive Officer Date: September 6, 2024 3