NeoConcept stock price plummeted after the public offering pricing

LootboxPhobia · 2026-02-10T17:29:24+00:00

NeoConcept International Group Holdings Ltd stock price dropped 29.7% as it priced a public offering of 14.85 million Class A common shares at $0.5454 per share, expected to raise $8.1 million. Investors expressed concerns about the dilution effect of the new share issuance. The offering is expected to be completed by February 11, 2025.

LootboxPhobia

2026-02-10 17:29:24

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Investing.com – NeoConcept International Group Holdings Ltd (NASDAQ:NCI) stock dropped 29.7% on Tuesday after the apparel solutions provider set the offering price for 14.85 million Class A common shares at $0.5454 per share.

The offering is expected to raise approximately $8.1 million in gross proceeds, before deducting underwriting discounts and other expenses. The company plans to use the net proceeds to expand its business operations and for general corporate purposes.

The significant decline in stock price may reflect investor concerns about dilution effects from the large new share issuance. The offering is expected to close on February 11, 2025, subject to customary closing conditions.

D. Boral Capital LLC served as the lead underwriter for the offering, with uSmart Securities Limited acting as a joint bookrunner.

NeoConcept operates as a one-stop apparel solutions provider, offering comprehensive services to the apparel supply chain. The company’s services include market trend analysis, product design and development, raw material procurement, production supervision, quality control, and logistics management for clients in Europe and North America.

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