Chinese consumer goods supplier Aigo Holdings (AIGO.US) has submitted an application for a US stock market IPO, aiming to raise $10 million.
Aigo Holdings is a consumer goods supplier that operates globally in Europe, Asia, North America, Latin America, and Africa. The 12-month sales as of December 31, 2024 amounted to $207 million.
Chinese global consumer goods supplier AIGO Holding Limited submitted an IPO application to the US Securities and Exchange Commission on Thursday, planning to raise $10 million.
The company plans to issue 2 million shares of stock at a price of $4 to $6 per share, raising $10 million. Based on the midpoint of the proposed price range, AIGO Holding's market value will reach $335 million. The IPO will only account for 3.0% of the issued basic shares.
AIGO Holding initially operated in Spain and is a consumer goods supplier with global operations in Europe, Asia, North America, Latin America, and Africa. In 2024, the company's revenue came from approximately 40 countries and regions across four continents. It has three proprietary brands, with products primarily in lighting, electrical appliances, home appliances, and pet products.
Headquartered in Fuzhou, China, AIGO Holding was established in 2011 and had annual sales of $207 million as of December 31, 2024. The company plans to list on the Nasdaq with the stock code AIGO. Eddid Securities and Futures is the sole bookrunner for this transaction.
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