New York, NY , April 18, 2024 (GLOBE NEWSWIRE) -- Spartan Capital Securities LLC, a premier investment banking firm, is thrilled to announce the successful closing of Junee Limited’s initial public offering (the “Offering”) on April 19, 2024. The Offering comprised 2,000,000 ordinary shares priced at $4.00 per share. Junee Limited (“Junee” or the “Company”) is a leading provider of interior design, fit-out, and maintenance services in Hong Kong. The ordinary shares have received approval for listing on the Nasdaq Capital Market and commenced trading on April 17, 2024, under the ticker symbol “JUNE”.

The Offering has generated gross proceeds of $8 million for Junee, prior to deductions for underwriting discounts and other related expenses. The transaction closed on April 19, 2024, as per schedule, subject to customary closing conditions. Additionally, Junee has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price, less underwriting discounts.

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