Raytech Holding Ltd Completes IPO
Ticker: RAY · Form: 6-K · Filed: Jul 5, 2024 · CIK: 1948443
| Field | Detail |
|---|---|
| Company | Raytech Holding Ltd (RAY) |
| Form Type | 6-K |
| Filed Date | Jul 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00000625, $4.00, $6,452,332 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, offering, company-formation
TL;DR
Raytech Holding Ltd IPO'd May 17, 2024, selling 1.5M shares.
AI Summary
Raytech Holding Limited announced the consummation of its initial public offering (IPO) on May 17, 2024, selling 1,500,000 ordinary shares at a par value of $0.00000625 per share. The company is a British Virgin Islands exempted company operating in the household appliances sector.
Why It Matters
This filing marks Raytech Holding Ltd's transition to a publicly traded company, potentially increasing its access to capital and public scrutiny.
Risk Assessment
Risk Level: medium — As a newly public company, Raytech Holding Ltd faces the typical risks associated with market volatility, operational execution, and investor perception.
Key Numbers
- 1,500,000 — Ordinary Shares Sold (Shares offered in the initial public offering)
- $0.00000625 — Par Value Per Share (Nominal value of each ordinary share)
Key Players & Entities
- Raytech Holding Limited (company) — Registrant
- May 17, 2024 (date) — IPO consummation date
- 1,500,000 (dollar_amount) — Number of ordinary shares sold in IPO
- $0.00000625 (dollar_amount) — Par value per ordinary share
FAQ
What is the primary business of Raytech Holding Limited?
Raytech Holding Limited is involved in the household appliances industry, as indicated by its SIC code 3630.
When did Raytech Holding Limited complete its IPO?
Raytech Holding Limited consummated its initial public offering on May 17, 2024.
How many ordinary shares were sold in the IPO?
1,500,000 ordinary shares were sold in the IPO.
What is the par value of Raytech Holding Limited's ordinary shares?
The par value of each ordinary share is $0.00000625.
Where is Raytech Holding Limited's principal executive office located?
The principal executive offices are located at Unit 609, 6/F, Nan Fung Commercial Centre, No.19 Lam Lok Street, Kowloon Bay, Hong Kong.
Filing Stats: 543 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-07-05 14:30:07
Key Financial Figures
- $0.00000625 — of 1,500,000 ordinary shares, par value $0.00000625 per share (each, an “Ordinary Sha
- $4.00 — he IPO Shares were priced at a price of $4.00 per share, and the IPO was conducted on
- $6,452,332 — he Company has raised gross proceeds of $6,452,332 in the IPO, including the exercise of t
Filing Documents
- ea0208984-6k_raytech.htm (6-K) — 21KB
- ea020898401ex99-1_raytech.htm (EX-99.1) — 10KB
- ea020898401ex99-2_raytech.htm (EX-99.2) — 9KB
- ex99-2_001.jpg (GRAPHIC) — 6KB
- 0001213900-24-059478.txt ( ) — 48KB
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. Date: July 5, 2024 Raytech Holding Limited By: /s/ Tim Hoi Ching Tim Hoi Ching Chief Executive Officer 2 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated July 5, 2024. 99.2 Press Release, dated July 3, 2024. 3