Linkage Global Inc Announces Closing of $6,000,000 Initial Public Offering
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The completion of an initial public offering (IPO) by Linkage Global Inc, which raised $6 million by offering shares at $4.00 each, is a significant financial milestone for the company. The firm commitment basis of the IPO indicates a strong underwriter confidence in the company's potential. The additional option for underwriters to purchase extra shares to cover over-allotments suggests a proactive approach to managing potential excess demand.
The funds are earmarked for technology R&D, supply chain integration, expansion of human resources, market penetration in Southeast Asia and general corporate purposes. This strategic allocation signals a growth-oriented mindset, aiming to enhance competitive advantages and long-term market positioning. Investors and stakeholders should monitor how effectively these funds are utilized, as they could significantly influence the company's future performance and stock valuation.
Linkage Global Inc's focus on cross-border e-commerce services positions it within a rapidly evolving industry where innovation and supply chain efficiency are critical. The company's planned investment in technology and supply chain could address the growing consumer demand for seamless international online shopping experiences. The move to expand into the Southeast Asian market is noteworthy, as the region presents a high-growth potential due to its increasing internet penetration and a burgeoning middle class.
Investors should consider the competitive landscape and regulatory environment in Southeast Asia, as these factors will play a crucial role in the company's ability to gain market share. Additionally, the expansion of the company's manpower indicates scaling operations, which could lead to increased operational costs in the short term but potentially higher returns if managed effectively.
The involvement of specialized U.S. counsel for both the company and the underwriter underscores the importance of compliance and due diligence in the IPO process. The effectiveness of the registration statement on Form F-1 and its declaration by the SEC is a testament to the legal groundwork laid for the Offering. Investors should note that the availability of the final prospectus through the SEC's website provides transparency and access to critical company information.
Understanding the legal framework and the implications of the IPO can help stakeholders assess the robustness of the company's governance structures and its adherence to regulatory requirements, which are essential for maintaining investor confidence and ensuring the long-term viability of the business.
Tokyo Japan, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Linkage Global Inc (the “Company” or “Linkage”), a cross-border e-commerce integrated service company headquartered in Japan, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares (the "Ordinary Shares") at a public offering price of
The Offering was conducted on a firm commitment basis. The Company intends to use the proceeds from this Offering 1) for technology research and development; 2) to further strengthen supply chain integration; 3) to expand its manpower and talent pool; 4) to venture into the Southeast Asian market; and 5) for working capital and other general corporate purposes.
EF Hutton LLC (“EF Hutton”) acted as the sole book-running manager for the Offering. Hunter Taubman Fischer & Li LLC acted as U.S. counsel to the Company, and Ortoli Rosenstadt LLP acted as U.S. counsel to EF Hutton in connection with the Offering.
A registration statement on Form F-1 (File No. 333-274326) relating to the Offering, as amended, has been filed with the U.S. Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on December 18, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus related to the Offering may be obtained, when available, from EF Hutton, Attn: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at syndicate@efhutton.com or telephone at (212) 404-7002. In addition, a copy of the final prospectus can also be obtained via the SEC’s website at www.sec.gov.
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 shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities 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 jurisdiction.
About Linkage Global Inc
Linkage Global Inc is a cross-border e-commerce integrated services provider headquartered in Japan, with operations in Japan, Hong Kong, and mainland China. The Company has developed a comprehensive service system comprised of two lines of business complementary to each other, including (i) cross-border sales and (ii) integrated e-commerce services. Cross-border sales operations were initially launched in 2011 in Japan through the Company’s subsidiary, EXTEND CO., LTD. The products sold in the Company’s cross-border sales business are sourced from Japanese and Chinese manufacturers and brands, together with the Company’s private label smart products. Linkage also provides digital marketing solutions to its customers by cooperating with Google and other channels. Since 2021, the Company has started offering e-commerce operation training courses and software support services. The mission of Linkage is to make cross-border transactions easier. For more information, please visit https://www.linkagecc.com/.
Forward-Looking Statement
This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performances, 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 the expected trading of its Ordinary Shares on the Nasdaq Capital Market and the closing of 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 the completion of the initial public offering on the anticipated terms or at all, 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:
Underwriter
EF Hutton LLC
Ms. Stephanie Hu, Head of Asia, Investment Banking
Email：syndicate@efhutton.com
Investor Relations
WFS Investor Relations Inc.
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742
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