Hong Kong-based Creative Global Tech prices US IPO at $4, the low end of the range

Creative Global Technology Holdings, a Hong Kong-based seller of pre-owned consumer electronics, raised $5 million by offering 1.3 million shares at $4, the low end of the range of $4 to $5. At pricing, the company commands a market value of $85 million.

Through subsidiary CGTHK, Creative Global Technology sells pre-owned consumer electronics, primarily smartphones, tablets, and laptops, to wholesalers in Southeast Asia. The company sources products from suppliers in the US, Japan, and some other developed countries.

Creative Global Technology Holdings plans to list on the Nasdaq under the symbol CGTL. Benjamin Securities acted as sole bookrunner on the deal.