Hong Kong, April 16, 2024 (GLOBE NEWSWIRE) -- Top Wealth Group Holding Limited (the "Company" or "Top Wealth"), a Hong Kong-based supplier of luxury caviar products, today announced the pricing of its initial public offering (the "Offering") of 2,000,000 ordinary shares at a public offering price of US$4.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on April 16, 2024, U.S. Eastern time, under the ticker symbol "TWG." The Company expects to receive aggregate gross proceeds of US$8 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price after the closing of the Offering, less underwriting discounts. The Offering is expected to close on or about April 18, 2024, subject to the satisfaction of customary closing conditions. Proceeds from the Offering will be used for expanding the Company's business internationally, brand promotion and marketing, and general working capital. The Offering is being conducted on a firm commitment basis. Revere Securities LLC is acting as the sole underwriter for the Offering. Ortoli Rosenstadt LLP is acting as the U.S. counsel to the Company, and The Crone Law Group P.C. is acting as U.S. counsel to Revere Securities LLC in connection with the Offering. A registration statement on Form F-1 ...