Royal Treasure Securities is pleased to announce its participation as a selling group member in the initial public offering (IPO) of Reitar Logtech Holdings Limited (“RITR” or the “Company”). The offering consisted of 2,125,000 units of the Company, priced at US$4 per Unit, resulting in gross proceeds of approximately US$8.5 million.
Founded in 2015, Reitar Logtech provides end-to-end logistics solutions by integrating real estate, logistics operations, and innovative technologies through two main segments:
- Asset management and consulting services – They source and develop logistics properties, enhance asset value through technology, and connect with suitable logistics operators.
- Construction management and engineering design – They provide project management services for logistics property development.
Reitar Logtech’s one-stop model allows them to deeply understand customer needs, provide tailored solutions, lower operating costs, and optimize overall logistics operations. As a pioneer in the PLT (property + logistics technology) space in Hong Kong with over 20 years of industry expertise and strong relationships with key players.
Reitar Logtech Holdings Limited began trading on the Nasdaq on August 23, 2024, under the ticker symbol “RITR”. Cathay Securities, Inc. served as the sole book-running manager for the offering, with Royal Treasure Securities LLC acting as the selling group member.