Globavend holdings limited announces closing of its initial public offering

Perth, australia, nov. 10, 2023 (globe newswire) -- globavend holdings limited (nasdaq: gvh) (the “company” or “globavend”), an emerging e-commerce logistics provider, today announced the closing of its initial public offering (the “offering”) of 1,500,000 ordinary shares at a public offering price of $4.00 per ordinary share. the aggregate gross proceeds from the offering, before deducting underwriting discounts and other offering expenses, were $6,000,000. the company's ordinary shares are listed on the nasdaq capital market under the symbol “gvh.”
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