PTL Limited (PTLE) Closes $5M IPO

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Go back to PTL Limited (PTLE) Closes $5M IPO

PTL Limited Announces Closing of Initial Public Offering

October 17, 2024 2:00 PM EDT

Hong Kong, Oct. 17, 2024 (GLOBE NEWSWIRE) -- PTL Limited (Nasdaq: PTLE) (the Company), an established bunkering facilitator providing marine fuel logistics services for vessel refueling, serving the Asia Pacific market, today announced the closing of its initial public offering (the Offering) of 1,250,000 ordinary shares (the Ordinary Shares), at a price of $4.00 per Ordinary Share (the Offering Price).

The Ordinary Shares commenced trading on the Nasdaq Capital Market on October 16, 2024 under the symbol PTLE.

The Company received aggregate gross proceeds of US$5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has... More