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Concorde International Group Announces Underwriter's Full Exercise and Closing of Over-allotment Option
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Singapore, May 02, 2025 (GLOBE NEWSWIRE) -- Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), an integrated security services provider that combines physical manpower and innovative technology to deliver effective security solutions, today announced that the underwriter of the Company's previously announced initial public offering (the “Offering”) has exercised its over-allotment option (the “Over-Allotment Option”) in full and purchased an additional 187,500 Class A ordinary shares at a public offering price of US$4.00 per share, resulting in additional gross proceeds of $750,000. After giving effect to the full exercise of the Over-Allotment Option, the total number of Class A ordinary shares sold by the Company in the Offering increased to 1,437,500 Class A ordinary shares and the gross proceeds increased to $5,750,000 before deducting underwriting discounts and commissions.05/02/2025
U.S. IPO Weekly Recap: Small Foreign Issuers List In The U.S. As Notable IPOs Continue To Delay
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A handful of small issuers listed in the US this past week, joined by four SPACs. Two IPOs are set to list in the week ahead, although some deals may move around the calendar at the last minute. Street research is expected for five companies in the week ahead.04/26/2025
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Symbol Frequently Asked Questions
What is Concorde International Group Ltd Class A Ordinary Shares's stock price?
The price of Concorde International Group Ltd Class A Ordinary Shares (CIGL) is 6.67 and it was updated on 2025-05-09 01:49:28.
Is Concorde International Group Ltd Class A Ordinary Shares (CIGL) overvalued or undervalued?
Currently Concorde International Group Ltd Class A Ordinary Shares (CIGL) is in undervalued.
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 Concorde International Group Announces Closing of $5,000,000 Initial Public Offering
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