Chinese consumer goods supplier Aigo Holdings (AIGO.US) has submitted an IPO application to the US stock market, 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 U.S. 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 total 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. As of 2024, the company's revenue comes from approximately 40 countries and regions across four continents. It owns three independent brands, with products mainly in the categories of lighting, electrical appliances, household appliances, and pet products.
Headquartered in Fuzhou, China, AIGO Holding was founded in 2011 and had a sales revenue of $207 million for the 12 months ending on December 31, 2024. The company plans to list on the Nasdaq under the stock symbol AIGO. Eddid Securities USA Inc. is the sole bookrunning manager for this transaction.
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