New Century Logistics (BVI) Ltd. (NCEW) upsized its micro-cap IPO at pricing to 1.5 million shares – up from 1.25 million shares in the prospectus – and priced the IPO at $4.00 – the bottom of its $4.00-to-$5.00 range – to raise $6.0 million on Tuesday night, Dec. 17, 2024. New Century Logistics (BVI) Ltd.’s stock opened flat at $4.00 at 10:20 a.m. EST today – Wednesday, Dec. 18, 2024 – on the NASDAQ on volume of 210,067 shares, according to NASDAQ.
Craft Capital and R.F. Lafferty & Co. served as the joint book-runners.
New Century Logistics (BVI) Ltd. is the Hong Kong-based holding company for a business that specializes in the logistics of air and ocean freight forwarding. The holding company is incorporated in the British Virgin Islands.
The company began operating as a freight forwarder in 2004. New Century provides air and ocean export and import freight forwarding services – ranging from the sale of cargo space to cargo pick-up, off-airport air cargo security screening, palletization and preparation of shipping documentation to the arrangement of customs clearance and cargo handling at ports. New Century offers routes to over 140 countries to its customers.
The company is profitable.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.
