Summary by Moomoo AI
Reitar Logtech Holdings Limited, a Hong Kong-based comprehensive logistics solutions provider, has successfully completed its initial public offering on August 26, 2024. The company raised $8.5 million in gross proceeds through the offering of 2,125,000 Class A ordinary shares at $4.00 per share.The company's shares commenced trading on The Nasdaq Capital Market under the ticker symbol "RITR" on August 23, 2024. The offering was conducted on a firm commitment basis with Cathay Securities, Inc. serving as the sole book runner and lead underwriter. The SEC declared the registration statement effective on August 16, 2024.Reitar Logtech specializes in providing comprehensive logistics solutions through two main business segments: asset management and professional consultancy services, and construction management and engineering design services. The company focuses on connecting capital partners and logistics operators while integrating innovative logistics technologies.
