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Raytech Seals IPO Over-Allotment, Boosts Capital

Raytech Holding Limited (RAY) has released an update.

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Raytech Holding Limited, a Hong Kong-based personal care electrical appliance company, has announced the successful closure of their IPO’s over-allotment option, raising an additional $452,332 at $4 per share. This follows their initial IPO proceeds of around $6 million, with Revere Securities LLC leading the underwriting team. The company specializes in sourcing and wholesaling products for international brands, boasting a decade of industry experience.

For further insights into RAY stock, check out TipRanks’ Stock Analysis page.

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