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Ipos overview

Cre8 Enterprise Ltd (CRE)


Company Overview

Proposed Symbol CRE
Company Name Cre8 Enterprise Ltd
Exchange NASDAQ Capital
Share Price $4.00
Employees 87 (as of 12/31/2024)
Status Priced
Shares Offered 1,450,000
Offer amount $5,800,000
Shares Over Alloted
Company Address 1/F, CHINA BUILDING 29 QUEEN'S ROAD CENTRAL HONG KONG 00000
Company Phone 00852 3693 2688
Company Website www.cre8corp.com
CEO Sze Ting Cho
State of Inc
Fiscal Year End 12-31
Total Offering Expense $1,871,842.00
Shareholder Shares Offered
Shares Outstanding 19,450,000
Lockup Period (days) 180
Lockup Expiration 2026-01-19 00:00:00
Quiet Period Expiration 2025-09-01 00:00:00
CIK 0002003977
DealId 1305951-111167

Company Description

We conduct our operations and provide services to customers through our Operating Subsidiary in Hong Kong, Cre8 Hong Kong. Founded in 2006, our Operating Subsidiary provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong under our brand, “Cre8”. For marketing and customer support purposes, we set up a subsidiary in the PRC, which has been non-revenue generating since incorporation. The integrated services provided by Cre8 Hong Kong cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-Submissions of our customers’ financial reports and compliance documents on the website of the Hong Kong Stock Exchange and media placements and of these services. Cre8 Hong Kong engages printing and translation service suppliers for all printing works and most translation works whereby it can focus its resources on the core business aspects and to utilize its resources more efficiently. In addition to its core integrated services, Cre8 Hong Kong has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials. Moreover, Cre8 Hong Kong is now providing technological support to its customers to ensure their compliance with the Listing Rules. On this front, Cre8 Hong Kong disseminates announcements, circulars, financial reports, and industry news feeds on a website of our “Cre8IR” brand. Our Operating Subsidiary in Hong Kong derives its revenue principally from provision of integrated financial printing services. For the fiscal years ended December 31, 2024, 2023 and 2022, its revenue amounted to approximately HK$103.8 million (US$13.4 million), HK$115.3 million and HK$97.0 million, respectively. Owing to the business nature of our customers, our revenue was principally derived from the provision of printing, media placement, translation and printing related services from IPO services and non-IPO services. Set out below is a breakdown of our revenue by service category for years ended December 31, 2024, 2023 and 2022: For the years ended December 31, 2022 2023 2023 2024 HK$ HK$ HK$ US$ Integrated IPO financial printing services 16,160,234 34,035,637 32,789,688 4,221,287 Non-IPO financial printing services: Annual reports 48,860,524 53,021,533 41,608,778 5,356,641 Circulars 10,230,010 8,694,347 8,029,862 1,033,750 Others 21,707,126 19,533,696 21,392,075 2,753,978 Total non-IPO services 80,797,660 81,249,576 71,030,715 9,144,369 Total 96,957,894 115,285,213 103,820,403 13,365,656 As our Operating Subsidiary’s operations involve transmissions, handling and publication of data, information and documents of its customers and the nature of which is confidential and/or price-sensitive, it is our mission to assist our customers to uphold the integrity and confidentiality of their data, information and documents and ensuring smooth and timely publication thereof in the manner directed by our customers. Hence, our Operating Subsidiary has adopted a stringent internal control policy focusing on data privacy protection. Cre8 Hong Kong has achieved a number of certifications, awards and prizes for several consecutive years in recognition of its success and achievements in respect of its services and effort in environmental protection such as International ARC Awards in respect of the annual reports produced by Cre8 Hong Kong. --- Our principal executive office is located at 1/F, China Building, 29 Queen’s Road Central, Hong Kong. The telephone number of our principal executive office is +852 3693 2688. Our registered agent in the BVI is Ogier Global (BVI) Limited. Our registered office and our registered agent’s office in the BVI are both located at the office of Ogier Global (BVI) Limited, Ritter House, Wickhams Cay II, PO Box 3170, Road Town, Tortola VG1110, British Virgin Islands. We maintain a website at https://www.cre8corp.com/. Our agent for service of process in the United States is Cogency Global Inc., located at 22 East 42nd Street, 18th Floor, New York, NY 10168.