YY Group Announces Pricing of Initial Public Offering
19 Abril 2024 - 3:56PM
YY Group Holding Limited (Nasdaq: YYGH) (“YYGH”, or the “Company”),
a trusted and experienced manpower supplier in the traditional
recruitment industry, today announced the pricing of its initial
public offering of 1,125,000 Class A Ordinary Shares at a public
offering price of $4.00 per share, for aggregate gross proceeds of
approximately $4.5 million before deducting underwriting discounts,
commissions, and other offering expenses.
The shares are expected to begin trading on the
Nasdaq Capital Market on April 22, 2024, under the ticker symbol
“YYGH” and the offering is expected to close on or about April 24,
2024, subject to satisfaction of customary closing conditions.
The net proceeds from the initial public
offering are expected to be used for geographical business
expansion, marketing and promotion campaigns, product research and
development on YY Apps, team expansion by recruiting more IT and
marketing teams, and working capital and general corporate
purposes.
US Tiger Securities, Inc., acted as sole
book-running manager for the offering.
A registration statement on Form F-1 (File No.
333-275486), was filed with the Securities and Exchange Commission
("SEC") and was declared effective on March 29, 2024, A final
prospectus relating to the offering will be filed with the SEC and
will be available on the SEC's website at http://www.sec.gov.
Electronic copies of the final prospectus related to the Offering
may be obtained, when available, from US Tiger Securities,
Inc., 437 Madison Avenue, 27th Floor, New York, New York
10022, or by telephone at +1 646-978-5188.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of 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 YY Group Holding
LimitedYY Group Holding Limited is a Singapore-based
company dedicated to redefining digital interactions and creating
impactful connections in the ever-evolving digital landscape.
Rooted in innovation and a commitment to user-centric experiences,
YY Circle leverages cutting-edge technology to foster engagement,
collaboration, and community building.
For more information, please visit
https://yygroupholding.com/.
Forward Looking StatementsThis
press release contains statements that constitute "forward-looking
statements," including with respect to the proposed initial public
offering and the anticipated use of the net proceeds. No assurance
can be given that the offering discussed above will be completed on
the terms described, or at all, or that the net proceeds of the
offering will be used as indicated. Forward-looking statements are
subject to numerous conditions, many of which are beyond the
control of the Company, including those set forth in the Risk
Factors section of the Company's registration statement and
preliminary prospectus for the Company's offering filed with the
SEC. Copies of these documents are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
For further information, please
contact:
Singapore Investor ContactPhua
Zhi Yong, Chief Financial OfficerYY
Groupjason.phua@yygroupholding.com
U.S. Investor ContactJack
PerkinsKCSA Strategic CommunicationsYYGroup@kcsa.com