D. Boral Capital Acted as Sole Bookrunner to Phoenix Asia Holdings Limited (Nasdaq:PHOE) in Connection With Its $6.4 Million Initial Public OfferingNEW YORK, NY / ACCESS Newswire / May 1, 2025 / On April 28, 2025, Phoenix Asia Holdings Limited (Nasdaq:PHOE) (the "Company" or "PHOE"), a premier substructure contractor for public and private sector projects in Hong Kong, announced the closing of its initial public offering (the "Offering") of 1,600,000 ordinary shares (the "Ordinary Shares") at a public offering price of $4.00 per share for total gross proceeds of $6,400,000, before deducting underwriting discounts and other offering expenses. The Offering closed on April 28, 2025, and the Ordinary Shares commenced trading on Nasdaq Capital Market on April 25, 2025, under the ticker symbol "PHOE".
