techpacific.com seeks to raise US$65million in GEM listing

techpacific.com, an online venture capital company headed by former investment bankers, is seeking to raise up to US$65 million in GEM listing.

techpacific.com, a Hong Kong-based online venture capital company specializing in technology start-ups, hopes to raise as much as US$65 million HK$506 million through an initial public share offering. It will use the funds to invest in young tech companies, expand throughout Asia and increase awareness of its brand.

The company, formed just over a year ago, will sell 300 million new shares at a price to be set between HK$1.38 and HK$1.68 a share, on April 10. Only 10% of the shares will be available to the public. The rest will be placed with institutions. Trading in the shares is set to begin April 17.

techpacific,...

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