ACCO GROUP HOLDINGS LIMITED ANNOUNCES CLOSING OF INITIAL PUBLIC OFFERING

Rhea-AI Summary

ACCO Group Holdings (Nasdaq: ACCL) closed its initial public offering of 1,400,000 ordinary shares at an offering price of $4.00 per share, with Ordinary Shares commencing trading on October 17, 2025 on the Nasdaq Capital Market under ticker ACCL. The Company received gross proceeds of approximately US$5.6 million before underwriting discounts and offering expenses.

The underwriters have a 45-day over-allotment option to purchase up to an additional 210,000 shares (15%). Net proceeds are intended for corporate service expansion, adding generative AI features, establishing U.S. branch offices, global brand promotion, and general working capital.

Positive

• 1,400,000 shares sold in IPO at $4.00 per share
• US$5.6 million gross proceeds from the Offering
• Nasdaq listing commenced on October 17, 2025 under ticker ACCL
• 45-day over-allotment option available for 210,000 shares (15%)

Negative

• Gross proceeds are US$5.6 million before underwriting discounts and expenses, so net proceeds will be lower
• Underwriters may exercise a 15% overallotment, causing potential dilution

Insights

Capital Markets Analyst

ACCL closed a Nasdaq IPO raising gross proceeds of $5.6 million, listing on October 17, 2025.

The company sold 1,400,000 ordinary shares at $4.00 per share, generating approximately $5.6 million in gross proceeds before underwriting discounts and expenses. The underwriters hold a 45-day over-allotment option for up to 210,000 shares (15% of the offering), which could increase proceeds if exercised.

Use of proceeds is explicitly for expanding corporate services, adding generative AI features, establishing U.S. branch offices, global brand promotion, and working capital. Near-term monitoring items include whether the over-allotment is exercised within the 45-day window and the magnitude of underwriting discounts and offering expenses that will reduce net proceeds; horizon: immediate to 45 days.

Strategy & Operations Analyst

The IPO provides liquidity to fund growth initiatives but net funding depends on fees and expenses.

ACCO GROUP HOLDINGS LIMITED intends to deploy net proceeds across product development (generative AI), U.S. market entry, brand building, and working capital. Those uses align with scaling operations and market expansion but depend directly on the actual net cash received after underwriting discounts and offering costs.

Key near-term indicators to watch are the final net proceeds reported, any exercise of the 45-day over-allotment, and concrete milestones for U.S. branch openings and AI feature rollouts; expected monitoring window: the next 3–12 months, with the first liquidity signal coming within the 45-day over-allotment period.

Hong Kong, Oct. 20, 2025 (GLOBE NEWSWIRE) -- ACCO GROUP HOLDINGS LIMITED (“ACCL” or the “Company”), a corporate services provider headquartered in Hong Kong, today announced the closing of its initial public offering (the “Offering”) of 1,400,000 ordinary shares (the “Ordinary Shares”) at the price of $4.00 per share (the “Offering Price”). The Ordinary Shares commenced trading on the Nasdaq Capital Market on October 17, 2025, under the ticker symbol “ACCL.”

The Company received gross proceeds of approximately US$5.6 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 210,000 Ordinary Shares of the Company at the Offering Price, representing 15% of the Ordinary Shares sold in the Offering (the “Over-Allotment Option”).

The Company intends to use the net proceeds from the Offering for expanding the corporate service business, incorporating generative artificial intelligence features into the business modules, building up the presence in the United States market by setting up branch offices in the United States, promoting and enhancing the Company’s brand globally, and general working capital purposes.

The Offering was conducted on a firm commitment basis. Craft Capital Management LLC was acting as the representative of the underwriters in the Offering, and Revere Securities LLC is acting an underwriter (collectively, the “Underwriters”). Ortoli Rosenstadt LLP acted as the U.S. securities counsel to the Company, and Robinson & Cole LLP acted as the U.S. securities counsel to the Underwriters in connection with the Offering.

The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-288756) previously filed with, and subsequently declared effective on September 30, 2025 by, the U.S. Securities and Exchange Commission (the “SEC”). A final prospectus describing the terms of the Offering was filed with the SEC on October 17, 2025 and is available on the SEC’s website at www.sec.gov. Electronic copies of the final prospectus related to the Offering may be obtained, when available, from Craft Capital Management LLC at 377 Oak St, Lower Concourse, Garden City, NY 11530, or via email at info@craftcm.com, or telephone at +1 (800) 550-8411; or from Revere Securities LLC at  560 Lexington Avenue, 16th Floor, New York, NY 10022, or via email at contact@reveresecurities.com, or by telephone at +1 (212) 688-2350.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Acco Group Holding Limited

Headquartered in Hong Kong, the Company is a multi-disciplinary corporate service provider with a strong presence in Hong Kong and Singapore. Through its wholly-owned operating subsidiaries in Hong Kong and Singapore, the Company specializes in offering corporate secretarial services and accounting services in Hong Kong, as well as intellectual properties registration services in Singapore, under the “Accolade” brand. The Company’s clientele ranges from individual clients, small and medium-sized enterprises to multinational corporations, reflecting its ability to cater to diverse business needs with tailored, technology enhanced solutions. For more information, please visit https://www.accoladegroup.com.hk and https://www.accogroups.com.

Forward-Looking Statement

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company’s statements regarding its intended use of proceeds from the sale of the Company’s Ordinary Shares in the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Registration Statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. 

For more information, please contact:

Acco Group Holdings Limited
Investor Relations
Email: ir@accogroups.com 
Tel: +852 3521 2960

FAQ

When did ACCL begin trading on Nasdaq and what is the ticker?

ACCL began trading on October 17, 2025 on the Nasdaq Capital Market under ticker ACCL.

How many shares did ACCO Group (ACCL) sell in its IPO and at what price?

The company sold 1,400,000 ordinary shares at an offering price of $4.00 per share.

How much gross capital did ACCL raise in the IPO on October 20, 2025?

ACCL received approximately US$5.6 million in gross proceeds from the Offering.

Does ACCL have an overallotment option and how large is it?

Yes; the underwriters have a 45-day option to buy up to 210,000 additional shares, equal to 15% of the Offering.

What will ACCL use the net proceeds from the IPO for?

Net proceeds are intended for corporate service expansion, adding generative AI features, opening U.S. branch offices, global brand promotion, and general working capital.

Where can investors find ACCL's final prospectus filed with the SEC?

The final prospectus was filed with the SEC on October 17, 2025 and is available on www.sec.gov.