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Skyline Builders Group Holding (NASDAQ: SKBL), a Hong Kong-based civil engineering services provider, has successfully completed its initial public offering, raising $6 million in gross proceeds. The company sold 1,500,000 Class A ordinary shares at $4.00 per share.
Trading commenced on the Nasdaq Capital Market on January 23, 2025, under the ticker symbol ‘SKBL’. The underwriters have a 45-day option to purchase up to 225,000 additional shares. The offering proceeds will be used to hire additional staff, strengthen market position, acquire machinery, enhance brand presence, and fund working capital.
Dominari Securities served as the lead underwriter, with Revere Securities as co-underwriter. The offering was conducted on a firm commitment basis and closed on January 24, 2025.
Skyline Builders Group Holding (NASDAQ: SKBL), un fornitore di servizi di ingegneria civile con sede a Hong Kong, ha completato con successo la sua offerta pubblica iniziale, raccogliendo 6 milioni di dollari in proventi lordi. L’azienda ha venduto 1.500.000 azioni ordinarie di Classe A a 4,00 dollari per azione.
Le contrattazioni sono iniziate sul Nasdaq Capital Market il 23 gennaio 2025, con il simbolo ticker ‘SKBL’. Gli underwriting hanno un’opzione di 45 giorni per acquistare fino a 225.000 azioni aggiuntive. I proventi dell’offerta saranno utilizzati per assumere personale aggiuntivo, rafforzare la posizione sul mercato, acquisire macchinari, migliorare la presenza del marchio e finanziare il capitale circolante.
Dominari Securities ha svolto il ruolo di lead underwriter, con Revere Securities come co-underwriter. L’offerta è stata condotta su base di impegno fermo e si è conclusa il 24 gennaio 2025.
Skyline Builders Group Holding (NASDAQ: SKBL), un proveedor de servicios de ingeniería civil con sede en Hong Kong, ha completado con éxito su oferta pública inicial, recaudando 6 millones de dólares en ingresos brutos. La compañía vendió 1.500.000 acciones ordinarias de Clase A a 4,00 dólares por acción.
Las operaciones comenzaron en el Nasdaq Capital Market el 23 de enero de 2025, bajo el símbolo de cotización ‘SKBL’. Los suscriptores tienen una opción de 45 días para comprar hasta 225.000 acciones adicionales. Los ingresos de la oferta se utilizarán para contratar personal adicional, fortalecer la posición en el mercado, adquirir maquinaria, mejorar la presencia de la marca y financiar el capital de trabajo.
Dominari Securities actuó como el suscriptor principal, con Revere Securities como co-suscriptor. La oferta se llevó a cabo sobre una base de compromiso firme y se cerró el 24 de enero de 2025.
Skyline Builders Group Holding (NASDAQ: SKBL), 홍콩에 본사를 둔 토목 공사 서비스 제공업체가 성공적으로 기업공개를 완료하여 600만 달러의 총 수익을 올렸습니다. 회사는 1,500,000개의 클래스 A 보통주를 주당 4.00달러에 판매했습니다.
거래는 2025년 1월 23일 나스닥 자본 시장에서 ‘SKBL’이라는 티커 기호로 시작되었습니다. 인수자는 45일 이내에 최대 225,000주를 추가로 구매할 수 있는 옵션을 가지고 있습니다. 이 자금은 추가 인력 채용, 시장 위치 강화, 기계 구매, 브랜드 인지도 향상 및 운영 자금 확보에 사용될 것입니다.
Dominari Securities는 주관사로, Revere Securities가 공동 주관사로 활동했습니다. 이 오퍼링은 확정적인 약정 기반으로 진행되었으며, 2025년 1월 24일에 종료되었습니다.
Skyline Builders Group Holding (NASDAQ: SKBL), un fournisseur de services d’ingénierie civile basé à Hong Kong, a réussi à réaliser son introduction en bourse, levant 6 millions de dollars de recettes brutes. L’entreprise a vendu 1.500.000 actions ordinaires de Classe A à 4,00 dollars par action.
Les transactions ont commencé sur le Nasdaq Capital Market le 23 janvier 2025, sous le symbole de ticker ‘SKBL’. Les souscripteurs bénéficient d’une option de 45 jours pour acheter jusqu’à 225.000 actions supplémentaires. Les produits de l’offre seront utilisés pour embaucher du personnel supplémentaire, renforcer la position sur le marché, acquérir des machines, améliorer la présence de la marque et financer le fonds de roulement.
Dominari Securities a été le souscripteur principal, avec Revere Securities comme co-souscripteur. L’offre a été réalisée sur la base d’un engagement ferme et a été clôturée le 24 janvier 2025.
Skyline Builders Group Holding (NASDAQ: SKBL), ein Anbieter von Bauingenieurdienstleistungen mit Sitz in Hongkong, hat erfolgreich seinen ersten öffentlichen Angebot abgeschlossen und dabei 6 Millionen Dollar an Bruttoerlösen erzielt. Das Unternehmen verkaufte 1.500.000 Stammaktien der Klasse A zu einem Preis von 4,00 Dollar pro Aktie.
Der Handel begann am 23. Januar 2025 an der Nasdaq Capital Market unter dem Tickersymbol ‘SKBL’. Die Underwriter haben eine 45-tägige Option, bis zu 225.000 zusätzliche Aktien zu kaufen. Die Erlöse aus dem Angebot werden verwendet, um zusätzliches Personal einstellen, die Marktposition zu stärken, Maschinen anzuschaffen, die Markenpräsenz auszubauen und das Working Capital zu finanzieren.
Dominari Securities fungierte als Hauptunderwriter, während Revere Securities als Co-Underwriter agierte. Das Angebot wurde auf Basis einer festen Verpflichtung durchgeführt und am 24. Januar 2025 abgeschlossen.
Positive
- Successfully raised $6 million through IPO
- Listed on Nasdaq Capital Market, providing increased visibility and access to capital markets
- Clear allocation of funds for business expansion and operational enhancement
Negative
- Potential dilution from additional 225,000 shares if underwriters exercise their option
Insights
The successful completion of Skyline Builders Group’s IPO marks a strategic entry into the U.S. capital markets, though the $6 million raise signals a micro-cap offering that warrants careful analysis. The modest size of the IPO, while providing essential growth capital, suggests a conservative approach to public market entry.
Several key aspects deserve investor attention: First, the firm commitment underwriting structure, led by Dominari Securities and Revere Securities, provides a baseline of confidence in the offering, as underwriters assume full financial responsibility for selling the shares. Second, the planned use of proceeds focuses on operational expansion and capacity enhancement, indicating a growth-oriented strategy in Hong Kong’s competitive civil engineering sector.
The 45-day overallotment option for an additional 225,000 shares (15% of the base offering) provides flexibility to meet excess demand and potentially enhance post-IPO price stability. However, investors should note that this is a relatively small offering in the U.S. market context, which could impact trading liquidity and price volatility.
From a strategic perspective, the Nasdaq listing offers Skyline Builders enhanced visibility and access to international capital markets, potentially facilitating future capital raises and cross-border business opportunities. However, the company will face increased regulatory scrutiny and compliance costs as a U.S.-listed entity, particularly given the current complex regulatory environment for Chinese companies listing in the U.S.
Hong Kong, Jan. 24, 2025 (GLOBE NEWSWIRE) — Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced the closing of its initial public offering (“Offering”) of 1,500,000 Class A ordinary shares at a public offering price of $4.00 per share, for total gross proceeds of $6 million to the Company before underwriting discounts and commissions. Proceeds from the Offering will be used to enhance the Company’s capacities in hiring additional staff, strengthen its market position in the civil engineering industry, acquire machinery to enhance its capacity, enhance the Company’s brand, as well as to fund working capital and for other general corporate purposes.
All of the Class A Ordinary Shares are offered by the Company. The Offering closed on January 24, 2025 and the Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 23, 2025 under the ticker symbol “SKBL.” The Company has granted the Underwriters an option to purchase up to 225,000 additional Class A Ordinary Shares within 45 days of the effective date of the Company’s registration statement in relation to the Offering.
The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as representative of the underwriters with Revere Securities LLC acted as co-underwriter (collectively, the “Underwriters”) for the Offering. Loeb & Loeb LLP acted as counsel to the Company, and Sichenzia Ross Ference Carmel LLP acted as counsel to the Underwriters in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (“SEC”) (File Number: 333-282720) and was declared effective by the SEC on December 31, 2024. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC, 725 Fifth Avenue, 23rd Floor, New York, NY 10022. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s 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 such state or jurisdiction.
About Skyline Builders Group Holding Limited
Skyline Builders Group Holding Limited operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involved residential and commercial developments.
Forward-Looking Statements
All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.
For more information, please contact:
Skyline Builders Group Holding Limited
Investor Relations Department
Email: ir@skylinebuilders.cc
FAQ
How much did Skyline Builders Group (SKBL) raise in its IPO?
Skyline Builders Group raised $6 million in gross proceeds through its IPO by selling 1,500,000 Class A ordinary shares at $4.00 per share.
When did SKBL stock begin trading on Nasdaq?
SKBL stock began trading on the Nasdaq Capital Market on January 23, 2025.
What is the underwriters’ option in SKBL’s IPO?
The underwriters have a 45-day option to purchase up to 225,000 additional Class A Ordinary Shares.
How will SKBL use its IPO proceeds?
SKBL will use the proceeds to hire additional staff, strengthen market position, acquire machinery, enhance brand presence, and fund working capital and general corporate purposes.
Who were the underwriters for SKBL’s IPO?
Dominari Securities acted as the representative underwriter, with Revere Securities serving as co-underwriter.
