Sole Elite Group announces plans to conduct IPO of its ordinary stock

Bookrunner Dawson James helps raise funds for manufacturing facilities

By Devika Patel

Knoxville, Tenn., May 29 – Sole Elite Group Ltd. will price its initial public offering of ordinary shares with a 45-day, 15% greenshoe, according to a Form F-1 filed Friday with the Securities and Exchange Commission. The company has registered up to $33 million of stock.

Dawson James Securities, Inc. is the bookrunning manager.

Proceeds will be used to acquire or construct manufacturing facilities, for equipment purchases, debt repayment and general corporate purposes, including raw material purchases.

The Jinjiang, China, company designs and sells shoe soles. The company intends to list its common stock on the Nasdaq stock exchange under the symbol “SOLE.”

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.