Hong Kong luxury watch distributor files for $13M US IPO
Hong Kong-based luxury watch wholesaler Top Win International filed for an IPO with the US Securities and Exchange Commission on Monday, aiming to raise up to $13 million. The company plans to issue 2.7 million shares at a price range of $4 to $6 per share, with an expected market capitalization of $124 million. Founded in 2001, Top Win is a wholesaler engaged in the trade, distribution, and retail of international luxury watch brands, selling over 30 well-known brands to middle- to high-income consumers. For the 12 months ending June 30, 2024, the company reported sales of $15 million.