Rich Sparkle Holdings prices $5 million IPO at $4 per share

Rich Sparkle Holdings Limited (NASDAQ: ANPA) priced its initial public offering of 1,250,000 ordinary shares at $4.00 per share, the Hong Kong-based financial printing company announced Monday.

The company expects to receive approximately $5 million in gross proceeds before underwriting discounts and expenses. Shares are approved for listing on the Nasdaq Capital Market and will begin trading Tuesday under the ticker symbol "ANPA."

Rich Sparkle specializes in designing and printing financial materials in Hong Kong, including listing documents, financial reports, fund documents, circulars and announcements. The company provides typesetting, proofreading, translation, design and printing services, along with advisory services such as internal control assessments and environmental, social and governance evaluations.

The company plans to use IPO proceeds for incorporating generative AI features into its service modules, establishing new branches and offices in the United States, recruiting staff to support expansion, potential strategic alliances with industry players, and working capital and general corporate purposes.

Eddid Securities USA Inc. served as underwriter for the offering on a firm commitment basis. Loeb & Loeb LLP acted as counsel to the company, while Sichenzia Ross Ference Carmel LLP represented the underwriter.

The Securities and Exchange Commission declared the company's Form F-1 registration statement effective on June 27, 2025. The offering is being conducted through a prospectus that forms part of the registration statement filed with the SEC.

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