Law’s Business Group Holding Limited has initiated the process to become a publicly traded company by filing for an initial public offering on the Nasdaq Capital Market. The filing sets out an offering of 6.25 million Class A ordinary shares, with a proposed price range of $4 to $6 per share.
At the indicated price band, the sale of all offered shares would generate between $25 million and $37.5 million. The company intends to list its Class A ordinary shares under the ticker symbol "LSBA" on the Nasdaq Capital Market if the listing application is approved.
Cathay Securities is identified in the filing as the sole underwriter for the offering. The company will offer the shares on a firm commitment basis, and each share carries a par value of $0.0001. These details were disclosed in the registration statement submitted as part of the offering process.
The filing makes clear that the completion of the IPO is conditional on Nasdaq approving the company’s listing application. The company notes there is no assurance that the exchange will grant approval, and the offering will not proceed without that listing consent.
Law’s Business Group also disclosed that there is currently no public market for its Class A ordinary shares. The registration identifies this transaction as the first public offering of the company’s equity securities.
Placement and procedural notes
The filing documents indicate the offering structure, the underwriter role, and the procedural dependency on the exchange approval. Prospective investors and market participants will rely on Nasdaq’s decision before any shares can begin trading under the proposed LSBA ticker.
What is known and what remains pending
The quantities of shares to be sold, the tentative price range, the underwriter appointment, and the par value per share are specified in the filing. What remains unresolved is Nasdaq’s formal approval of the listing application and the establishment of an open market for the company’s Class A ordinary shares.
This filing represents Law’s Business Group’s first planned offering of equity to the public and places the next steps squarely in the hands of the exchange review process.