10:25 AM EDT, 09/20/2024 (MT Newswires) -- Global Engine Group Holding ( GLE ) said Friday it priced its initial public offering of 2 million shares at $4 apiece for gross proceeds of $8 million.

The shares are newly listed on the Nasdaq as of Friday, according to the company.

The company said the underwriters have a 45-day option to buy up to 300,000 additional shares at the IPO price, less underwriting discounts, to cover any over-allotments.

The offering is expected to close Monday, the company said, adding that it plans to use the proceeds for brand promotion and marketing, recruitment, investments and acquisitions, and general working capital.